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

Ameresco, Inc. (NYSE:AMRC) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,700,000 shares, a decline of 8.8% from the January 15th total of 2,960,000 shares. Based on an average trading volume of 376,300 shares, the days-to-cover ratio is currently 7.2 days. Approximately 8.5% of the shares of the company are sold short.

Insider Activity

In related news, Director Jennifer L. Miller sold 40,000 shares of the 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 sale, the director now owns 17,225 shares of the company’s stock, valued at $362,758.50. This represents a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 42.00% of the stock is currently owned by company insiders.

Institutional Trading of Ameresco

Several institutional investors have recently modified their holdings of AMRC. First Trust Advisors LP increased its position in shares of 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 during the period. Wellington Management Group LLP boosted its position in shares of Ameresco by 81.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,004,902 shares of the utilities provider’s stock valued at $38,126,000 after purchasing an additional 450,571 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Ameresco by 59.6% during the 4th quarter. DnB Asset Management AS now owns 613,430 shares of the utilities provider’s stock valued at $14,403,000 after purchasing an additional 229,128 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ameresco by 22.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,757 shares of the utilities provider’s stock worth $27,230,000 after purchasing an additional 214,918 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Ameresco by 87.7% in the fourth quarter. First Eagle Investment Management LLC now owns 421,136 shares of the utilities provider’s stock valued at $9,888,000 after buying an additional 196,776 shares during the period. Institutional investors own 99.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMRC shares. Piper Sandler upped their target price on Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded Ameresco to a “sell” rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus lifted their target price on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.56.

Ameresco Trading Up 2.7 %

NYSE AMRC traded up $0.52 during trading hours on Monday, reaching $19.60. The company’s stock had a trading volume of 274,197 shares, compared to its average volume of 407,408. Ameresco has a 52 week low of $17.55 and a 52 week high of $39.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.27 and a quick ratio of 1.26. The stock has a market cap of $1.03 billion, a P/E ratio of 19.60, a P/E/G ratio of 0.55 and a beta of 1.79. The firm has a fifty day simple moving average of $23.20 and a 200-day simple 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.