BidaskClub lowered shares of Ameresco, Inc. (NYSE:AMRC) from a buy rating to a hold rating in a research note released on Tuesday, July 11th.

A number of other equities analysts also recently issued reports on the stock. Roth Capital upgraded shares of Ameresco from a neutral rating to a buy rating and raised their target price for the company from $6.50 to $8.00 in a research note on Thursday, May 4th. Zacks Investment Research cut shares of Ameresco from a hold rating to a sell rating in a report on Wednesday, May 3rd. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $8.00 price target on shares of Ameresco in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $8.38.

Shares of Ameresco (NYSE:AMRC) traded up 0.78% during midday trading on Tuesday, reaching $6.50. The company had a trading volume of 28,548 shares. The company has a market capitalization of $295.26 million, a PE ratio of 29.02 and a beta of 1.14. Ameresco has a one year low of $4.51 and a one year high of $7.85. The company has a 50 day moving average of $6.94 and a 200 day moving average of $6.27.

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In other Ameresco news, Director Thomas S. Murley purchased 4,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were purchased at an average cost of $6.85 per share, for a total transaction of $27,400.00. Following the completion of the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $27,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Louis P. Maltezos sold 23,175 shares of Ameresco stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $6.61, for a total transaction of $153,186.75. Following the transaction, the insider now directly owns 23,175 shares in the company, valued at $153,186.75. The disclosure for this sale can be found here. 58.36% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Rock Point Advisors LLC increased its stake in Ameresco by 2.8% in the first quarter. Rock Point Advisors LLC now owns 826,877 shares of the utilities provider’s stock worth $5,416,000 after buying an additional 22,295 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Ameresco by 7.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 42,480 shares of the utilities provider’s stock worth $278,000 after buying an additional 2,880 shares during the period. Clean Yield Group increased its stake in Ameresco by 0.4% in the first quarter. Clean Yield Group now owns 85,705 shares of the utilities provider’s stock worth $561,000 after buying an additional 300 shares during the period. Bank of New York Mellon Corp increased its stake in Ameresco by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 121,189 shares of the utilities provider’s stock worth $794,000 after buying an additional 773 shares during the period. Finally, Algert Global LLC increased its stake in Ameresco by 122.2% in the first quarter. Algert Global LLC now owns 22,619 shares of the utilities provider’s stock worth $148,000 after buying an additional 12,440 shares during the period. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Company Profile

Ameresco, Inc (Ameresco) is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants.

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