Ameresco Inc (NYSE:AMRC) Short Interest Update

Ameresco Inc (NYSE:AMRC) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,260,000 shares, a growth of 24.8% from the September 15th total of 1,010,000 shares. Based on an average trading volume of 295,800 shares, the days-to-cover ratio is presently 4.3 days. Currently, 5.5% of the shares of the company are sold short.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its position in shares of Ameresco by 14.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 2,142,827 shares of the utilities provider’s stock worth $59,528,000 after buying an additional 267,712 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ameresco by 16.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,105,180 shares of the utilities provider’s stock worth $30,701,000 after buying an additional 160,122 shares during the last quarter. Invesco Ltd. grew its position in shares of Ameresco by 5.1% in the 1st quarter. Invesco Ltd. now owns 577,494 shares of the utilities provider’s stock worth $9,835,000 after buying an additional 28,242 shares during the last quarter. State Street Corp grew its position in shares of Ameresco by 8.9% in the 1st quarter. State Street Corp now owns 468,435 shares of the utilities provider’s stock worth $7,977,000 after buying an additional 38,157 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Ameresco in the 2nd quarter worth approximately $11,573,000. Institutional investors and hedge funds own 39.73% of the company’s stock.

Several research firms have recently weighed in on AMRC. Raymond James reiterated a “buy” rating on shares of Ameresco in a research note on Thursday, August 6th. Canaccord Genuity increased their price target on Ameresco from $36.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday. Craig Hallum increased their price target on Ameresco from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Zacks Investment Research raised Ameresco from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, October 9th. Finally, B. Riley increased their price objective on Ameresco in a report on Tuesday, August 4th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $37.43.

Shares of NYSE:AMRC traded up $0.66 on Friday, hitting $40.75. The company’s stock had a trading volume of 303,817 shares, compared to its average volume of 288,398. The company has a 50-day simple moving average of $32.65 and a 200 day simple moving average of $25.87. Ameresco has a 1 year low of $13.38 and a 1 year high of $40.91. The company has a market capitalization of $1.94 billion, a PE ratio of 46.84, a PEG ratio of 2.34 and a beta of 0.55. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.55 and a quick ratio of 1.51.

Ameresco (NYSE:AMRC) last announced its quarterly earnings data on Monday, August 3rd. The utilities provider reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.10. Ameresco had a return on equity of 11.00% and a net margin of 4.36%. The company had revenue of $223.04 million for the quarter, compared to analysts’ expectations of $200.34 million. On average, equities research analysts expect that Ameresco will post 0.93 earnings per share for the current fiscal year.

Ameresco Company Profile

Ameresco, Inc provides comprehensive energy services for businesses and organizations in North America and Europe. It offers energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability, and renewable energy solutions. The company operates through U.S. Regions, U.S.

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