Nickolas Stavropoulos Sells 15,700 Shares of Ameresco (NYSE:AMRC) Stock

Ameresco, Inc. (NYSE:AMRC) Director Nickolas Stavropoulos sold 15,700 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $34.15, for a total value of $536,155.00. Following the sale, the director directly owned 14,111 shares of the company’s stock, valued at approximately $481,890.65. This trade represents a 52.67% decrease in their position. The transaction was disclosed in a legal 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 shares were 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 stock was 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 shares were sold at an average price of $34.00, for a total transaction of $3,400.00.

Ameresco Trading Up 1.3%

Shares of AMRC stock opened at $33.30 on Wednesday. Ameresco, Inc. has a 1-year low of $8.49 and a 1-year high of $44.93. The firm has a market cap of $1.76 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.14 and a beta of 2.53. The company has a 50-day moving average of $31.32 and a two-hundred day moving average of $31.91. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.51 and a quick ratio of 1.50.

Institutional Investors Weigh In On Ameresco

A number of hedge funds have recently bought and sold shares of AMRC. AQR Capital Management LLC acquired a new position in shares of Ameresco during the first quarter worth about $820,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ameresco by 2.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,477 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 884 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Ameresco by 23.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 222,433 shares of the utilities provider’s stock worth $2,687,000 after acquiring an additional 42,499 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Ameresco in the 1st quarter valued at approximately $1,187,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Ameresco in the 2nd quarter valued at $575,000. Institutional investors and hedge funds own 99.24% of the company’s stock.

Analyst Ratings Changes

AMRC has been the topic of a number of research reports. B. Riley Financial upped their price target on Ameresco from $32.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Roth Mkm reissued a “buy” rating on shares of Ameresco in a research note on Wednesday, December 3rd. UBS Group raised their target price on Ameresco from $23.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Wall Street Zen lowered shares of Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Finally, Stifel Nicolaus increased their price target on shares of Ameresco from $31.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.80.

About Ameresco

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.