Charles Schwab Investment Management Inc. Lowers Position in Ameresco, Inc. (NYSE:AMRC)

Charles Schwab Investment Management Inc. cut its stake in shares of Ameresco, Inc. (NYSE:AMRC) by 1.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 282,548 shares of the utilities provider’s stock after selling 4,676 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ameresco were worth $10,720,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new position in shares of Ameresco during the 3rd quarter worth approximately $349,000. Intech Investment Management LLC purchased a new stake in shares of Ameresco during the third quarter valued at approximately $359,000. Zions Bancorporation N.A. lifted its holdings in Ameresco by 18.3% during the third quarter. Zions Bancorporation N.A. now owns 57,145 shares of the utilities provider’s stock worth $2,168,000 after acquiring an additional 8,835 shares during the period. Victory Capital Management Inc. bought a new stake in Ameresco during the third quarter worth $870,000. Finally, Harvest Portfolios Group Inc. purchased a new position in Ameresco in the third quarter worth $471,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMRC. UBS Group raised their target price on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Robert W. Baird lifted their price objective on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group assumed coverage on shares of Ameresco in a research report on Wednesday, September 4th. They set a “hold” rating and a $33.00 target price for the company. Stifel Nicolaus lifted their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ameresco currently has an average rating of “Moderate Buy” and a consensus target price of $36.91.

Ameresco Stock Down 2.3 %

Ameresco stock opened at $27.13 on Tuesday. The firm has a 50 day simple moving average of $30.39 and a 200 day simple moving average of $31.21. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. Ameresco, Inc. has a 1-year low of $17.55 and a 1-year high of $39.68. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 0.96 and a beta of 1.76.

Ameresco Profile

Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, Europe, and internationally. It operates through U.S. Regions, U.S. Federal, Canada, Europe, Alternative Fuels, and All Other segments. The company offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.