Ameresco, Inc. (NYSE:AMRC) Short Interest Update

Ameresco, Inc. (NYSE:AMRC - Get Free Report) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 3,470,000 shares, a decrease of 6.7% from the October 15th total of 3,720,000 shares. Based on an average daily volume of 341,000 shares, the short-interest ratio is presently 10.2 days. Currently, 10.9% of the company's stock are sold short.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMRC shares. Stifel Nicolaus boosted their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. StockNews.com upgraded Ameresco to a "sell" rating in a research note on Tuesday, November 12th. Piper Sandler lifted their target price on Ameresco from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, October 22nd. UBS Group increased their price target on shares of Ameresco from $39.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, September 5th. Finally, Robert W. Baird boosted their price objective on shares of Ameresco from $32.00 to $42.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.91.

Ameresco Stock Performance

Shares of NYSE:AMRC traded up $1.18 on Monday, hitting $26.67. 386,574 shares of the company were exchanged, compared to its average volume of 473,841. The firm has a market capitalization of $1.40 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 0.85 and a beta of 1.82. The company has a current ratio of 1.27, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36. Ameresco has a 1-year low of $17.55 and a 1-year high of $39.68. The stock's 50 day moving average price is $32.98 and its 200 day moving average price is $31.18.

Institutional Investors Weigh In On Ameresco

A number of large investors have recently bought and sold shares of the company. Natixis purchased a new stake in shares of Ameresco in the 1st quarter valued at $480,000. Harbor Capital Advisors Inc. grew its position in Ameresco by 187.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 68,787 shares of the utilities provider's stock worth $1,982,000 after purchasing an additional 44,882 shares during the period. Swedbank AB acquired a new stake in Ameresco during the 1st quarter worth about $12,065,000. Caxton Associates LP acquired a new position in shares of Ameresco in the 1st quarter valued at about $1,009,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Ameresco by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider's stock valued at $75,909,000 after buying an additional 36,303 shares during the period. Hedge funds and other institutional investors own 99.24% of the company's stock.

Ameresco Company Profile

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.