Ameresco Inc (NYSE:AMRC) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,280,000 shares, an increase of 10.3% from the January 15th total of 1,160,000 shares. Approximately 6.7% of the shares of the stock are short sold. Based on an average daily volume of 139,700 shares, the days-to-cover ratio is presently 9.2 days.

NYSE:AMRC opened at $22.00 on Friday. The company’s 50-day moving average price is $19.37 and its 200-day moving average price is $16.25. The company has a current ratio of 1.38, a quick ratio of 1.34 and a debt-to-equity ratio of 0.63. The company has a market cap of $960.88 million, a P/E ratio of 30.99, a P/E/G ratio of 1.19 and a beta of 0.32. Ameresco has a twelve month low of $13.11 and a twelve month high of $22.24.

AMRC has been the topic of several research reports. Raymond James initiated coverage on shares of Ameresco in a research note on Wednesday, November 27th. They issued a “strong-buy” rating and a $20.00 price target on the stock. Zacks Investment Research raised shares of Ameresco from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, ValuEngine downgraded shares of Ameresco from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Ameresco presently has an average rating of “Buy” and a consensus target price of $18.90.

In other news, EVP David J. Corrsin sold 6,615 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $16.50, for a total value of $109,147.50. Following the transaction, the executive vice president now directly owns 972,257 shares of the company’s stock, valued at $16,042,240.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David J. Corrsin sold 7,380 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.50, for a total transaction of $129,150.00. Following the completion of the transaction, the executive vice president now directly owns 791,492 shares in the company, valued at $13,851,110. The disclosure for this sale can be found here. In the last quarter, insiders sold 231,277 shares of company stock worth $4,251,071. Company insiders own 55.86% of the company’s stock.

A number of hedge funds have recently modified their holdings of AMRC. BlackRock Inc. raised its stake in Ameresco by 32.3% during the second quarter. BlackRock Inc. now owns 1,469,588 shares of the utilities provider’s stock worth $21,648,000 after purchasing an additional 358,410 shares during the period. Heartland Advisors Inc. purchased a new position in Ameresco during the fourth quarter worth about $1,757,000. Royce & Associates LP raised its stake in Ameresco by 6.6% during the fourth quarter. Royce & Associates LP now owns 1,399,747 shares of the utilities provider’s stock worth $24,496,000 after purchasing an additional 86,900 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Ameresco by 50.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 187,700 shares of the utilities provider’s stock worth $3,016,000 after purchasing an additional 62,700 shares during the period. Finally, Sage Rhino Capital LLC purchased a new position in Ameresco during the fourth quarter worth about $1,154,000. 31.79% of the stock is currently owned by institutional investors.

About Ameresco

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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