Ameresco, Inc. (NYSE:AMRC) Sees Large Drop in Short Interest

Ameresco, Inc. (NYSE:AMRC - Get Free Report) was the target of a large 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. Currently, 8.5% of the company's stock are short sold. Based on an average trading volume of 376,300 shares, the days-to-cover ratio is presently 7.2 days.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. 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 report on Monday, November 11th. StockNews.com raised shares of Ameresco to a "sell" rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $36.56.

Ameresco Stock Performance

NYSE AMRC traded down $0.88 during trading on Friday, reaching $18.71. The company's stock had a trading volume of 243,226 shares, compared to its average volume of 390,074. The business's fifty day moving average price is $22.67 and its 200-day moving average price is $27.89. Ameresco has a twelve month low of $17.55 and a twelve month high of $39.68. 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 firm has a market cap of $981.36 million, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.50 and a beta of 1.79.

Insider Transactions at Ameresco

In related news, Director Jennifer L. Miller sold 40,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was 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. The trade was a 69.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.00% of the company's stock.

Institutional Trading of Ameresco

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Ameresco by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,184,264 shares of the utilities provider's stock worth $74,767,000 after purchasing an additional 37,359 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider's stock valued at $27,230,000 after purchasing an additional 214,918 shares during the period. Wellington Management Group LLP boosted its holdings in Ameresco by 81.3% during the third quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider's stock worth $38,126,000 after buying an additional 450,571 shares in the last quarter. First Trust Advisors LP boosted its holdings in Ameresco by 124.4% during the fourth quarter. First Trust Advisors LP now owns 838,258 shares of the utilities provider's stock worth $19,682,000 after buying an additional 464,737 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Ameresco by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 758,952 shares of the utilities provider's stock worth $17,825,000 after buying an additional 4,177 shares during the period. 99.24% of the stock is 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.