Ameresco, Inc. (NYSE:AMRC) Short Interest Down 7.8% in November

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

Ameresco Price Performance

AMRC stock traded up $0.52 during trading on Monday, hitting $28.69. The company had a trading volume of 336,599 shares, compared to its average volume of 467,365. 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 company has a fifty day moving average price of $31.60 and a two-hundred day moving average price of $31.28. Ameresco has a fifty-two week low of $17.55 and a fifty-two week high of $39.68. The company has a market cap of $1.50 billion, a P/E ratio of 28.63, a P/E/G ratio of 0.98 and a beta of 1.82.

Wall Street Analysts Forecast Growth

AMRC has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Ameresco from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 11th. Robert W. Baird raised their target price on shares of Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Piper Sandler raised their price objective on shares of Ameresco from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group boosted their target price on shares of Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, StockNews.com upgraded Ameresco to a “sell” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Ameresco presently has a consensus rating of “Moderate Buy” and an average price target of $36.91.

Institutional Investors Weigh In On Ameresco

A number of hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of 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. increased its holdings 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 valued at $93,000 after purchasing an additional 2,279 shares in the last quarter. nVerses Capital LLC bought a new position in Ameresco in the 2nd quarter valued at $75,000. Point72 DIFC Ltd bought a new stake in shares of Ameresco during the second quarter worth $86,000. Finally, GAMMA Investing LLC increased 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 buying an additional 2,880 shares in the last quarter. Institutional investors and hedge funds 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.