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

Ameresco, Inc. (NYSE:AMRC) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 3,200,000 shares, a decline of 7.8% from the October 31st total of 3,470,000 shares. Approximately 10.0% of the company’s shares are short sold. Based on an average daily trading volume, of 353,200 shares, the short-interest ratio is currently 9.1 days.

Institutional Trading of Ameresco

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Ameresco by 1.2% during the first quarter. Vanguard Group Inc. now owns 3,145,838 shares of the utilities provider’s stock worth $75,909,000 after purchasing an additional 36,303 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Ameresco by 51.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 9,931 shares of the utilities provider’s stock valued at $239,000 after acquiring an additional 3,374 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Ameresco by 34.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,931 shares of the utilities provider’s stock valued at $650,000 after purchasing an additional 6,875 shares during the period. Tidal Investments LLC lifted its position in shares of Ameresco by 51.4% during the first quarter. Tidal Investments LLC now owns 40,834 shares of the utilities provider’s stock worth $985,000 after purchasing an additional 13,869 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Ameresco by 1,215.2% in the second quarter. GAMMA Investing LLC now owns 3,117 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 2,880 shares during the period. 99.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on AMRC shares. Piper Sandler raised their target price on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Robert W. Baird lifted their price objective on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Jefferies Financial Group assumed coverage on Ameresco in a research note on Wednesday, September 4th. They issued a “hold” rating and a $33.00 target price for the company. UBS Group raised their price target on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Stifel Nicolaus upped their price objective on shares of Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.91.

Ameresco Trading Down 1.0 %

AMRC traded down $0.28 during trading on Wednesday, hitting $27.85. 84,499 shares of the company’s stock were exchanged, compared to its average volume of 465,312. Ameresco has a 1 year low of $17.55 and a 1 year high of $39.68. The stock has a 50 day moving average price of $31.22 and a 200 day moving average price of $31.29. The firm has a market cap of $1.46 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.76. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.36.

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.