Rock Point Advisors LLC Sells 12,519 Shares of Ameresco, Inc. (NYSE:AMRC)

Rock Point Advisors LLC decreased its position in Ameresco, Inc. (NYSE:AMRC) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 232,052 shares of the utilities provider’s stock after selling 12,519 shares during the quarter. Ameresco accounts for 2.4% of Rock Point Advisors LLC’s portfolio, making the stock its 13th biggest holding. Rock Point Advisors LLC’s holdings in Ameresco were worth $8,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMRC. Blue Trust Inc. increased its position in Ameresco by 100.3% in the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 391 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ameresco by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,374 shares of the utilities provider’s stock valued at $356,000 after acquiring an additional 489 shares during the last quarter. GAMMA Investing LLC grew its position in Ameresco by 19.8% in the third quarter. GAMMA Investing LLC now owns 3,735 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 618 shares in the last quarter. Clean Yield Group raised its position in Ameresco by 0.6% during the second quarter. Clean Yield Group now owns 170,007 shares of the utilities provider’s stock valued at $4,898,000 after purchasing an additional 1,087 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Ameresco by 15.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 10,595 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 1,410 shares during the last quarter. 99.24% of the stock is currently owned by institutional investors.

Ameresco Stock Performance

NYSE:AMRC traded down $0.25 during mid-day trading on Tuesday, hitting $26.95. The company’s stock had a trading volume of 11,623 shares, compared to its average volume of 468,241. The business’s fifty day moving average is $32.40 and its two-hundred day moving average is $31.30. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 0.88 and a beta of 1.82. Ameresco, Inc. has a 1 year low of $17.55 and a 1 year high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMRC shares. StockNews.com upgraded Ameresco to a “sell” rating in a report on Tuesday, November 12th. Robert W. Baird increased their target price on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Stifel Nicolaus upped their target price on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Piper Sandler lifted their price target on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group initiated coverage on Ameresco in a research report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.91.

Ameresco Company 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.