Rock Point Advisors LLC Buys 255,538 Shares of Ameresco, Inc. (NYSE:AMRC)

Rock Point Advisors LLC grew its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 97.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 516,971 shares of the utilities provider's stock after buying an additional 255,538 shares during the quarter. Ameresco accounts for approximately 1.9% of Rock Point Advisors LLC's portfolio, making the stock its 17th largest holding. Rock Point Advisors LLC owned about 0.98% of Ameresco worth $6,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMRC. Bank of New York Mellon Corp boosted its holdings in shares of Ameresco by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,730 shares of the utilities provider's stock worth $2,389,000 after purchasing an additional 859 shares during the period. Victory Capital Management Inc. lifted its holdings in Ameresco by 96.8% in the fourth quarter. Victory Capital Management Inc. now owns 45,137 shares of the utilities provider's stock worth $1,060,000 after buying an additional 22,197 shares during the period. First Eagle Investment Management LLC lifted its holdings in Ameresco by 87.7% in the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider's stock worth $9,888,000 after buying an additional 196,776 shares during the period. Intech Investment Management LLC lifted its holdings in Ameresco by 31.5% in the fourth quarter. Intech Investment Management LLC now owns 12,447 shares of the utilities provider's stock worth $292,000 after buying an additional 2,983 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Ameresco by 9.4% in the fourth quarter. American Century Companies Inc. now owns 752,375 shares of the utilities provider's stock worth $17,666,000 after buying an additional 64,764 shares during the period. 99.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMRC has been the subject of several research analyst reports. Wall Street Zen lowered shares of Ameresco from a "hold" rating to a "sell" rating in a report on Saturday. UBS Group restated a "sell" rating and issued a $11.00 price objective on shares of Ameresco in a report on Tuesday, June 3rd. Robert W. Baird reiterated a "neutral" rating and set a $13.00 target price (down from $25.00) on shares of Ameresco in a report on Tuesday, April 15th. Piper Sandler set a $21.00 target price on shares of Ameresco and gave the company an "overweight" rating in a report on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their target price on shares of Ameresco from $18.00 to $17.00 and set a "buy" rating for the company in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Ameresco presently has a consensus rating of "Hold" and an average price target of $20.67.

Ameresco Stock Up 0.9%

Shares of AMRC traded up $0.16 on Friday, hitting $17.92. 1,557,951 shares of the stock traded hands, compared to its average volume of 511,523. The company has a market capitalization of $941.52 million, a PE ratio of 17.57, a P/E/G ratio of 0.84 and a beta of 2.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.56 and a current ratio of 1.57. The business has a 50 day simple moving average of $15.02 and a 200 day simple moving average of $15.99. Ameresco, Inc. has a one year low of $8.49 and a one year high of $39.68.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The utilities provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.15. The company had revenue of $352.83 million during the quarter, compared to the consensus estimate of $323.71 million. Ameresco had a net margin of 2.97% and a return on equity of 6.32%. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) earnings per share. As a group, equities analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current fiscal year.

About Ameresco

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.