Ameresco, Inc. (NYSE:AMRC) Short Interest Down 7.6% in June

Ameresco, Inc. (NYSE:AMRC - Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 4,030,000 shares, a drop of 7.6% from the May 31st total of 4,360,000 shares. Based on an average daily trading volume, of 501,600 shares, the days-to-cover ratio is currently 8.0 days. Approximately 12.6% of the company's stock are short sold.

Ameresco Trading Up 0.9 %

Shares of Ameresco stock traded up $0.24 during trading on Wednesday, reaching $27.14. The company's stock had a trading volume of 364,772 shares, compared to its average volume of 525,292. Ameresco has a 52-week low of $17.55 and a 52-week high of $63.19. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 0.83 and a beta of 1.78. The firm's 50-day moving average is $29.92 and its two-hundred day moving average is $25.70. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.09.

Ameresco (NYSE:AMRC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.01. The company had revenue of $298.41 million during the quarter, compared to analysts' expectations of $255.38 million. Ameresco had a net margin of 4.17% and a return on equity of 6.67%. The firm's revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. On average, sell-side analysts anticipate that Ameresco will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMRC shares. B. Riley upgraded shares of Ameresco to a "strong-buy" rating in a research note on Tuesday, June 25th. Piper Sandler dropped their target price on shares of Ameresco from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus dropped their target price on shares of Ameresco from $35.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. StockNews.com upgraded shares of Ameresco to a "sell" rating in a research note on Monday. Finally, Robert W. Baird boosted their price target on shares of Ameresco from $28.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.31.

Insider Activity

In other news, CAO Mark Chiplock sold 3,000 shares of Ameresco stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $35.00, for a total transaction of $105,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 348 shares in the company, valued at $12,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 42.00% of the company's stock.

Institutional Investors Weigh In On Ameresco

Several institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in Ameresco in the 4th quarter worth $62,000. GAMMA Investing LLC raised its holdings in Ameresco by 1,215.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider's stock worth $90,000 after purchasing an additional 2,880 shares in the last quarter. Cetera Trust Company N.A bought a new position in Ameresco in the 4th quarter worth $106,000. Invst LLC bought a new position in Ameresco in the 1st quarter worth $225,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Ameresco by 51.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 9,931 shares of the utilities provider's stock worth $239,000 after purchasing an additional 3,374 shares in the last quarter. Hedge funds and other institutional investors own 99.24% of the company's stock.

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.