Ameresco (NYSE:AMRC) Director Nickolas Stavropoulos Sells 400 Shares of Stock

Ameresco, Inc. (NYSE:AMRC) Director Nickolas Stavropoulos sold 400 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $34.00, for a total value of $13,600.00. Following the completion of the transaction, the director owned 14,111 shares in the company, valued at $479,774. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, February 20th, Nickolas Stavropoulos sold 15,700 shares of Ameresco stock. The stock was sold at an average price of $34.15, for a total transaction of $536,155.00.
• 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 transaction 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 transaction 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 transaction of $3,400.00.

Ameresco Stock Performance

NYSE AMRC opened at $32.76 on Tuesday. The firm’s 50 day simple moving average is $31.24 and its 200 day simple moving average is $31.82. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 1.17 and a beta of 2.53. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 1.57. Ameresco, Inc. has a 1 year low of $8.49 and a 1 year high of $44.93.

Analyst Ratings Changes

AMRC has been the topic of several research analyst reports. Wall Street Zen lowered Ameresco from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Cantor Fitzgerald started coverage on shares of Ameresco in a report on Friday, January 23rd. They issued an “overweight” rating and a $41.00 target price for the company. 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 report on Wednesday, December 3rd. Stifel Nicolaus upped their price objective 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Ameresco in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.80.

Institutional Investors Weigh In On Ameresco

Several hedge funds have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in Ameresco during the 4th quarter worth approximately $27,000. CoreCap Advisors LLC bought a new stake in shares of Ameresco in the third quarter worth $50,000. Tower Research Capital LLC TRC increased its holdings in Ameresco by 99.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,518 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 1,754 shares during the period. Summit Securities Group LLC bought a new position in Ameresco during the 4th quarter worth $55,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Ameresco during the 4th quarter worth about $69,000. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Company Profile

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.