Short Interest in Ameresco, Inc. (NYSE:AMRC) Decreases By 8.8%

Ameresco, Inc. (NYSE:AMRC) was the target of a significant decrease in short interest during the month of 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. Based on an average daily volume of 376,300 shares, the short-interest ratio is currently 7.2 days. Currently, 8.5% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

AMRC has been the topic of several analyst reports. Stifel Nicolaus increased their price target 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. Piper Sandler raised their price target 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. Finally, StockNews.com upgraded shares of Ameresco to a “sell” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ameresco currently has an average rating of “Moderate Buy” and an average price target of $36.56.

Insider Activity at Ameresco

In other Ameresco news, Director Jennifer L. Miller sold 40,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 17,225 shares in the company, valued at approximately $362,758.50. This represents a 69.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Ameresco by 17.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,684 shares of the utilities provider’s stock worth $2,106,000 after purchasing an additional 13,127 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in Ameresco by 7.0% during the fourth quarter. Voloridge Investment Management LLC now owns 301,861 shares of the utilities provider’s stock worth $7,088,000 after purchasing an additional 19,626 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Ameresco by 27.2% during the fourth quarter. Squarepoint Ops LLC now owns 71,891 shares of the utilities provider’s stock worth $1,688,000 after purchasing an additional 15,388 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Ameresco during the fourth quarter worth $398,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in Ameresco by 41.8% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 241,761 shares of the utilities provider’s stock worth $5,677,000 after purchasing an additional 71,236 shares during the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

Ameresco Stock Down 2.9 %

Ameresco stock opened at $19.06 on Wednesday. The stock has a market capitalization of $999.35 million, a PE ratio of 19.06, a price-to-earnings-growth ratio of 0.55 and a beta of 1.79. Ameresco has a twelve month low of $17.55 and a twelve month high of $39.68. The company has a quick ratio of 1.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.36. The company has a 50 day moving average of $23.20 and a 200-day moving average of $28.13.

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.