Rock Point Advisors LLC Boosts Stock Position in Ameresco, Inc. (NYSE:AMRC)

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

A number of other large investors also recently modified their holdings of AMRC. KLP Kapitalforvaltning AS purchased a new stake in shares of Ameresco during the fourth quarter valued at approximately $146,000. Lazard Asset Management LLC increased its position in shares of Ameresco by 145.0% during the fourth quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider's stock valued at $172,000 after acquiring an additional 4,362 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Ameresco by 132.0% during the first quarter. GAMMA Investing LLC now owns 8,009 shares of the utilities provider's stock valued at $97,000 after acquiring an additional 4,557 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Ameresco during the fourth quarter valued at approximately $203,000. Finally, JCP Investment Management LLC purchased a new stake in shares of Ameresco during the fourth quarter valued at approximately $211,000. Institutional investors own 99.24% of the company's stock.

Ameresco Stock Performance

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

Ameresco (NYSE:AMRC - Get Free Report) last posted its earnings results on Monday, May 5th. The utilities provider reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. Ameresco had a return on equity of 6.32% and a net margin of 2.97%. The business had revenue of $352.83 million during the quarter, compared to analysts' expectations of $323.71 million. During the same period in the previous year, the business earned ($0.10) earnings per share. The firm's revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts forecast that Ameresco, Inc. will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

AMRC has been the subject of a number of research analyst reports. Wall Street Zen downgraded Ameresco from a "hold" rating to a "sell" rating in a research report on Saturday. Baird R W downgraded Ameresco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. UBS Group reissued a "sell" rating and issued a $11.00 target price on shares of Ameresco in a research report on Tuesday, June 3rd. Robert W. Baird reissued a "neutral" rating and issued a $13.00 target price (down from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Finally, Canaccord Genuity Group raised their target price on Ameresco from $27.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $20.67.

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.