Ameresco (NYSE:AMRC) Director Sells $536,155.00 in Stock

by · The Markets Daily

Ameresco, Inc. (NYSE:AMRC – Get Free Report) Director Nickolas Stavropoulos sold 15,700 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $34.15, for a total transaction of $536,155.00. Following the completion of the sale, the director owned 14,111 shares of the company’s stock, valued at approximately $481,890.65. This represents a 52.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nickolas Stavropoulos also recently made the following trade(s):

  • On Thursday, February 19th, Nickolas Stavropoulos sold 400 shares of Ameresco stock. The stock was sold at an average price of $34.00, for a total value of $13,600.00.
  • On Friday, February 13th, Nickolas Stavropoulos sold 245 shares of Ameresco stock. The stock was sold at an average price of $34.05, for a total value of $8,342.25.
  • On Thursday, February 12th, Nickolas Stavropoulos sold 200 shares of Ameresco stock. The shares were sold at an average price of $34.00, for a total value of $6,800.00.
  • On Wednesday, January 28th, Nickolas Stavropoulos sold 100 shares of Ameresco stock. The stock was sold at an average price of $34.00, for a total value of $3,400.00.

Ameresco Stock Down 2.9%

AMRC stock traded down $0.97 during mid-day trading on Monday, hitting $32.76. 295,282 shares of the company were exchanged, compared to its average volume of 500,217. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.50 and a current ratio of 1.51. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $44.93. The firm’s 50 day simple moving average is $31.18 and its 200 day simple moving average is $31.73. The firm has a market cap of $1.73 billion, a P/E ratio of 27.53, a P/E/G ratio of 1.17 and a beta of 2.53.

Institutional Investors Weigh In On Ameresco

A number of institutional investors have recently bought and sold shares of AMRC. Empowered Funds LLC lifted its position in shares of Ameresco by 70.6% in the fourth quarter. Empowered Funds LLC now owns 207,932 shares of the utilities provider’s stock valued at $6,090,000 after acquiring an additional 86,047 shares in the last quarter. XTX Topco Ltd bought a new stake in Ameresco during the 4th quarter valued at approximately $824,000. Tudor Investment Corp ET AL lifted its holdings in Ameresco by 214.6% in the 4th quarter. Tudor Investment Corp ET AL now owns 222,120 shares of the utilities provider’s stock worth $6,506,000 after purchasing an additional 151,520 shares in the last quarter. Summit Securities Group LLC bought a new position in Ameresco in the 4th quarter worth approximately $55,000. Finally, Millennium Management LLC grew its holdings in Ameresco by 164.0% during the 4th quarter. Millennium Management LLC now owns 136,089 shares of the utilities provider’s stock valued at $3,986,000 after buying an additional 84,542 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AMRC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Ameresco in a research note on Monday, December 29th. Wall Street Zen cut shares of Ameresco from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. UBS Group lifted their price target on shares of Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. B. Riley Financial increased their price objective on shares of Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Stifel Nicolaus lifted their target price on Ameresco from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.80.

Get Our Latest Stock Analysis on Ameresco

Ameresco Company Profile

(Get Free Report)

Ameresco, Inc is a leading independent provider of comprehensive energy efficiency and renewable energy solutions for businesses and governments across North America, Europe and other select markets. Its integrated services portfolio includes energy efficiency retrofits, infrastructure upgrades, distributed generation systems and facility-scale renewable projects. Leveraging performance-based contracting models, Ameresco designs, finances, installs and maintains energy improvements intended to reduce operational costs, mitigate environmental impact and enhance resiliency for its clients.

Founded in 2000 and headquartered in Framingham, Massachusetts, Ameresco has completed thousands of projects spanning solar, wind, geothermal, biomass, landfill gas‐to‐energy, energy storage and microgrid installations.

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