Cibc World Market Inc. Cuts Stock Holdings in Ameresco, Inc. (NYSE:AMRC)

Cibc World Market Inc. lowered its stake in shares of Ameresco, Inc. (NYSE:AMRCGet Rating) by 24.7% during the second quarter, Holdings Channel reports. The fund owned 6,236 shares of the utilities provider’s stock after selling 2,042 shares during the period. Cibc World Market Inc.’s holdings in Ameresco were worth $284,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in shares of Ameresco during the first quarter worth $50,000. Trust Co. of Vermont purchased a new stake in shares of Ameresco during the second quarter worth $75,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Ameresco during the first quarter worth $160,000. Sageworth Trust Co acquired a new position in shares of Ameresco during the second quarter worth $150,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Ameresco during the first quarter worth $287,000. Hedge funds and other institutional investors own 58.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMRC shares. Canaccord Genuity Group boosted their target price on shares of Ameresco from $79.00 to $81.00 in a research note on Wednesday, November 2nd. B. Riley lowered their target price on shares of Ameresco from $73.00 to $72.00 in a research note on Wednesday, November 2nd. Craig Hallum lowered their target price on shares of Ameresco from $95.00 to $82.00 and set a “buy” rating for the company in a research note on Tuesday, August 2nd. StockNews.com started coverage on shares of Ameresco in a research note on Wednesday, October 12th. They set a “sell” rating for the company. Finally, Canaccord Genuity Group boosted their target price on shares of Ameresco from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $69.77.

Ameresco Price Performance

Shares of AMRC opened at $63.63 on Thursday. Ameresco, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $93.75. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04. The firm has a 50-day simple moving average of $62.78 and a 200-day simple moving average of $58.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.26 and a current ratio of 1.27.

Ameresco Profile

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Ameresco, Inc, a clean technology integrator, provides a portfolio of energy efficiency and renewable energy supply solutions in the United States, Canada, and internationally. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions for businesses and organizations.

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Institutional Ownership by Quarter for Ameresco (NYSE:AMRC)

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