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

Ameresco, Inc. (NYSE:AMRC) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 3,470,000 shares, a decline of 6.7% from the October 15th total of 3,720,000 shares. Based on an average daily trading volume, of 341,000 shares, the days-to-cover ratio is currently 10.2 days. Approximately 10.9% of the company’s stock are sold short.

Ameresco Stock Up 4.6 %

AMRC stock opened at $26.67 on Tuesday. Ameresco has a 1-year low of $17.55 and a 1-year high of $39.68. The business’s 50 day simple moving average is $32.92 and its 200 day simple moving average is $31.22. 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 firm has a market capitalization of $1.40 billion, a PE ratio of 26.67, a PEG ratio of 0.85 and a beta of 1.82.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Ameresco from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com upgraded Ameresco to a “sell” rating in a report on Tuesday, November 12th. Jefferies Financial Group assumed coverage on Ameresco in a report on Wednesday, September 4th. They set a “hold” rating and a $33.00 price objective for the company. UBS Group boosted their target price on Ameresco from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, Robert W. Baird upped their price target on Ameresco from $32.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.91.

Hedge Funds Weigh In On Ameresco

Several institutional investors and hedge funds have recently modified their holdings of AMRC. Blue Trust Inc. boosted its holdings in shares of Ameresco by 100.3% during the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after buying an additional 391 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Ameresco by 1,294.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock worth $93,000 after acquiring an additional 2,279 shares during the period. nVerses Capital LLC bought a new position in shares of Ameresco during the second quarter worth approximately $75,000. Point72 DIFC Ltd acquired a new stake in Ameresco during the 2nd quarter worth approximately $86,000. Finally, GAMMA Investing LLC boosted its stake in Ameresco by 1,215.2% in the 2nd 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 currently owned by institutional investors and hedge funds.

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.