Ameresco, Inc. (NYSE:AMRC) Short Interest Down 8.8% in January

Ameresco, Inc. (NYSE:AMRC) was the recipient of a large decrease in short interest in the month of 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. Based on an average daily volume of 376,300 shares, the short-interest ratio is presently 7.2 days. Approximately 8.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AMRC shares. StockNews.com upgraded Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus upped their price target on Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Piper Sandler upped their price target on Ameresco from $35.00 to $38.00 and gave the stock 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 given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ameresco currently has an average rating of “Moderate Buy” and a consensus price target of $36.56.

Ameresco Price Performance

Shares of AMRC stock traded down $0.56 during mid-day trading on Tuesday, hitting $19.06. 958,751 shares of the stock traded hands, compared to its average volume of 395,724. Ameresco has a twelve month low of $17.55 and a twelve month high of $39.68. The firm has a market cap of $999.35 million, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 0.55 and a beta of 1.79. The company’s 50-day simple moving average is $23.20 and its 200-day simple moving average is $28.13. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.26 and a current ratio of 1.27.

Insider Buying and Selling

In related news, Director Jennifer L. Miller sold 40,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $21.06, for a total transaction of $842,400.00. Following the completion of the sale, the director now owns 17,225 shares in the company, valued at $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameresco

Several hedge funds have recently modified their holdings of AMRC. Wellington Management Group LLP grew its holdings in shares of Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after buying an additional 450,571 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Ameresco by 35.1% during the third quarter. Stifel Financial Corp now owns 118,277 shares of the utilities provider’s stock valued at $4,487,000 after buying an additional 30,718 shares in the last quarter. Barclays PLC grew its holdings in shares of Ameresco by 204.2% during the third quarter. Barclays PLC now owns 59,248 shares of the utilities provider’s stock valued at $2,248,000 after buying an additional 39,773 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Ameresco by 70.7% during the fourth quarter. SG Americas Securities LLC now owns 42,506 shares of the utilities provider’s stock valued at $998,000 after buying an additional 17,600 shares in the last quarter. Finally, Gagnon Securities LLC grew its holdings in shares of Ameresco by 22.5% during the fourth quarter. Gagnon Securities LLC now owns 571,202 shares of the utilities provider’s stock valued at $13,412,000 after buying an additional 104,861 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

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.