Short Interest in Ameresco, Inc. (NYSE:AMRC) Decreases By 7.8%

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com raised shares of Ameresco to a “sell” rating in a report on Tuesday, November 12th. Jefferies Financial Group initiated coverage on shares of Ameresco in a report on Wednesday, September 4th. They issued a “hold” rating and a $33.00 price objective for the company. Piper Sandler increased their price target on Ameresco from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group boosted their price objective on Ameresco from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Robert W. Baird raised their target price on Ameresco from $32.00 to $42.00 and gave the company an “outperform” rating in a research note 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 stock. According to MarketBeat.com, Ameresco has an average rating of “Moderate Buy” and an average target price of $36.91.

Ameresco Trading Down 1.9 %

Shares of Ameresco stock traded down $0.54 during trading on Tuesday, hitting $28.17. The stock had a trading volume of 253,552 shares, compared to its average volume of 412,025. 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 market capitalization of $1.48 billion, a PE ratio of 28.17, a P/E/G ratio of 0.99 and a beta of 1.76. Ameresco has a 1 year low of $17.55 and a 1 year high of $39.68. The stock has a 50 day simple moving average of $31.41 and a 200 day simple moving average of $31.29.

Institutional Trading of Ameresco

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in Ameresco by 100.3% in the 3rd quarter. Blue Trust Inc. now owns 781 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 391 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Ameresco in the second quarter worth approximately $75,000. Point72 DIFC Ltd purchased a new position in Ameresco during the second quarter valued at approximately $86,000. GAMMA Investing LLC grew its position in Ameresco by 1,215.2% during 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Ameresco by 1,294.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,455 shares of the utilities provider’s stock valued at $93,000 after buying an additional 2,279 shares during the period. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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.