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

Ameresco, Inc. (NYSE:AMRC) was the target of a large decrease in short interest during 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. Currently, 8.5% of the company’s shares are short sold. Based on an average daily volume of 376,300 shares, the short-interest ratio is currently 7.2 days.

Ameresco Stock Down 2.9 %

Shares of NYSE:AMRC traded down $0.56 during trading hours on Tuesday, reaching $19.06. The stock had a trading volume of 958,751 shares, compared to its average volume of 395,724. Ameresco has a 1 year low of $17.55 and a 1 year high of $39.68. The firm’s 50 day moving average is $23.20 and its 200-day 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. The stock has a market capitalization of $999.35 million, a price-to-earnings ratio of 19.06, a P/E/G ratio of 0.55 and a beta of 1.79.

Insider Activity

In other news, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $21.06, for a total value of $842,400.00. Following the transaction, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 42.00% of the company’s stock.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently modified their holdings of AMRC. Blue Trust Inc. grew its position in shares of Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock valued at $30,000 after buying an additional 391 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after buying an additional 2,279 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Ameresco in the 4th quarter valued at $146,000. Cetera Trust Company N.A grew its position 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 valued at $160,000 after buying an additional 440 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Ameresco by 145.0% in the 4th quarter. Lazard Asset Management LLC now owns 7,371 shares of the utilities provider’s stock valued at $172,000 after buying an additional 4,362 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 research analysts have recently issued reports on the stock. StockNews.com raised shares of Ameresco to a “sell” rating in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their target price on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Piper Sandler lifted their target price on shares of Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.