Ameresco, Inc. (NYSE:AMRC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Ameresco, Inc. is an independent provider of comprehensive energy efficiency solutions for facilities throughout North America. The Company’s solutions include upgrades to a facility’s energy infrastructure, and the construction and operation of renewable energy plants. It engages in the development, design, engineering, and installation of projects that reduce the energy, as well as operation and maintenance costs of governmental, educational, utility, healthcare, and other institutional, commercial, and industrial entities facilities. Ameresco, Inc. is headquartered in Framingham, Massachusetts. “

AMRC has been the topic of several other research reports. BidaskClub lowered Ameresco from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Canaccord Genuity reissued a “buy” rating and set a $8.00 target price on shares of Ameresco in a research note on Monday. Finally, Roth Capital raised Ameresco from a “neutral” rating to a “buy” rating and increased their target price for the stock from $6.50 to $8.00 in a research note on Thursday, May 4th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.38.

Shares of Ameresco (NYSE:AMRC) traded down 2.31% during trading on Monday, hitting $6.35. The stock had a trading volume of 55,915 shares. Ameresco has a 12 month low of $4.51 and a 12 month high of $7.85. The stock has a market cap of $288.44 million, a price-to-earnings ratio of 28.35 and a beta of 1.14. The company’s 50 day moving average price is $6.94 and its 200 day moving average price is $6.27.

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In related news, insider Louis P. Maltezos sold 23,175 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $6.65, for a total transaction of $154,113.75. Following the transaction, the insider now owns 23,175 shares of the company’s stock, valued at approximately $154,113.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 58.36% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of AMRC. Janney Montgomery Scott LLC increased its stake in shares of Ameresco by 21.6% in the first quarter. Janney Montgomery Scott LLC now owns 21,748 shares of the utilities provider’s stock valued at $142,000 after buying an additional 3,860 shares during the period. Algert Global LLC increased its stake in shares of Ameresco by 122.2% in the first quarter. Algert Global LLC now owns 22,619 shares of the utilities provider’s stock valued at $148,000 after buying an additional 12,440 shares during the period. Pillar Pacific Capital Management LLC bought a new stake in shares of Ameresco during the second quarter valued at $151,000. Russell Investments Group Ltd. bought a new stake in shares of Ameresco during the fourth quarter valued at $188,000. Finally, Teachers Advisors LLC increased its stake in shares of Ameresco by 13.6% in the fourth quarter. Teachers Advisors LLC now owns 34,253 shares of the utilities provider’s stock valued at $188,000 after buying an additional 4,112 shares during the period. Institutional investors own 22.20% of the company’s stock.

About Ameresco

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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