Rock Point Advisors LLC Has $6.25 Million Stake in Ameresco, Inc. (NYSE:AMRC)

Rock Point Advisors LLC raised its stake in shares of Ameresco, Inc. (NYSE:AMRC - Free Report) by 97.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 516,971 shares of the utilities provider's stock after purchasing an additional 255,538 shares during the period. Ameresco accounts for 1.9% of Rock Point Advisors LLC's portfolio, making the stock its 17th largest holding. Rock Point Advisors LLC owned 0.98% of Ameresco worth $6,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ameresco by 1.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider's stock worth $977,000 after acquiring an additional 747 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Ameresco by 0.9% during the 4th 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. MetLife Investment Management LLC raised its position in shares of Ameresco by 10.4% during the fourth quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider's stock valued at $482,000 after buying an additional 1,930 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Ameresco by 6.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,273 shares of the utilities provider's stock valued at $711,000 after buying an additional 1,967 shares during the period. Finally, Intech Investment Management LLC grew its position in Ameresco by 31.5% during 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 in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMRC has been the topic of several recent research reports. Stifel Nicolaus decreased their price objective on Ameresco from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Wall Street Zen raised shares of Ameresco from a "sell" rating to a "hold" rating in a report on Friday, June 6th. UBS Group reaffirmed a "sell" rating and set a $11.00 price objective on shares of Ameresco in a report on Tuesday, June 3rd. Robert W. Baird reissued a "neutral" rating and issued a $13.00 price target (down previously from $25.00) on shares of Ameresco in a research report on Tuesday, April 15th. Finally, Canaccord Genuity Group lifted their price objective on Ameresco from $27.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $20.67.

Ameresco Price Performance

Shares of NYSE AMRC traded up $1.37 during mid-day trading on Thursday, hitting $17.81. 551,831 shares of the stock were exchanged, compared to its average volume of 508,548. Ameresco, Inc. has a twelve month low of $8.49 and a twelve month high of $39.68. The stock's fifty day simple moving average is $14.77 and its two-hundred day simple moving average is $16.06. 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 company has a market cap of $935.74 million, a P/E ratio of 17.46, a PEG ratio of 0.78 and a beta of 2.22.

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