Short Interest in Ameresco, Inc. (NYSE:AMRC) Decreases By 8.8%

Ameresco, Inc. (NYSE:AMRC) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,700,000 shares, a decrease of 8.8% from the January 15th total of 2,960,000 shares. Approximately 8.5% of the shares of the company are sold short. Based on an average trading volume of 376,300 shares, the days-to-cover ratio is presently 7.2 days.

Ameresco Stock Performance

NYSE AMRC opened at $19.06 on Wednesday. The company has a fifty day simple moving average of $23.20 and a 200 day simple moving average of $28.13. Ameresco has a 12-month low of $17.55 and a 12-month high of $39.68. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36. The company has a market cap of $999.35 million, a P/E ratio of 19.06, a PEG ratio of 0.55 and a beta of 1.79.

Insiders Place Their Bets

In other news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now directly owns 17,225 shares of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.00% of the company’s stock.

Hedge Funds Weigh In On Ameresco

A number of hedge funds have recently bought and sold shares of AMRC. Blue Trust Inc. boosted its holdings in shares of Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of Ameresco by 6.9% in the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider’s stock worth $160,000 after buying an additional 440 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ameresco by 1.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,593 shares of the utilities provider’s stock worth $977,000 after buying an additional 747 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Ameresco by 0.9% in 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 buying an additional 859 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Ameresco by 10.4% in the 4th quarter. MetLife Investment Management LLC now owns 20,535 shares of the utilities provider’s stock worth $482,000 after buying an additional 1,930 shares during the last quarter. 99.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Finally, Piper Sandler raised their price target on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.56.

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.