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

Ameresco, Inc. (NYSE:AMRC - Get Free Report) saw 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. Approximately 8.5% of the shares of the stock are short sold. Based on an average trading volume of 376,300 shares, the short-interest ratio is presently 7.2 days.

Insider Activity at Ameresco

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

Hedge Funds Weigh In On Ameresco

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its stake in Ameresco by 100.3% during the third quarter. Blue Trust Inc. now owns 781 shares of the utilities provider's stock worth $30,000 after buying an additional 391 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Ameresco by 1,294.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider's stock worth $93,000 after buying an additional 2,279 shares during the period. KLP Kapitalforvaltning AS bought a new position in Ameresco during the 4th quarter worth approximately $146,000. Cetera Trust Company N.A raised its holdings in Ameresco by 6.9% during the 4th quarter. Cetera Trust Company N.A now owns 6,800 shares of the utilities provider's stock worth $160,000 after purchasing an additional 440 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake 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 acquiring an additional 4,362 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.

Ameresco Trading Down 4.5 %

Shares of NYSE:AMRC traded down $0.88 during mid-day trading on Friday, reaching $18.71. The stock had a trading volume of 242,720 shares, compared to its average volume of 390,059. Ameresco has a twelve month low of $17.55 and a twelve 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 firm has a market cap of $981.36 million, a PE ratio of 18.71, a price-to-earnings-growth ratio of 0.50 and a beta of 1.79. The firm has a 50 day simple moving average of $22.80 and a two-hundred day simple moving average of $27.94.

Analyst Ratings Changes

AMRC has been the topic of several analyst reports. 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. 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 given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Ameresco presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.56.

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.