Ameresco Inc (NYSE:AMRC) Short Interest Down 11.1% in July

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Ameresco Inc (NYSE:AMRC) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 891,700 shares, a decrease of 11.1% from the June 30th total of 1,003,400 shares. Based on an average trading volume of 110,800 shares, the days-to-cover ratio is presently 8.0 days. Currently, 4.9% of the company’s stock are sold short.

Shares of Ameresco stock traded up $0.36 during trading hours on Thursday, reaching $14.23. The company’s stock had a trading volume of 1,981 shares, compared to its average volume of 86,095. The business’s 50 day moving average price is $14.31. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.59. Ameresco has a one year low of $11.73 and a one year high of $18.05. The stock has a market capitalization of $697.53 million, a PE ratio of 17.34, a P/E/G ratio of 1.03 and a beta of 0.54.

Ameresco (NYSE:AMRC) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. Ameresco had a net margin of 4.62% and a return on equity of 8.37%. The company had revenue of $198.20 million for the quarter, compared to the consensus estimate of $196.95 million. During the same period last year, the firm posted $0.19 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Ameresco will post 0.8 EPS for the current year.

A number of research firms have commented on AMRC. ValuEngine downgraded shares of Ameresco from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Ameresco from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research note on Monday. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $18.30.

In related news, Director Jennifer L. Miller acquired 4,000 shares of Ameresco stock in a transaction on Tuesday, August 13th. The shares were purchased at an average cost of $14.15 per share, for a total transaction of $56,600.00. Following the purchase, the director now directly owns 12,000 shares of the company’s stock, valued at approximately $169,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 55.86% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of Ameresco by 3.6% in the 2nd quarter. AQR Capital Management LLC now owns 22,149 shares of the utilities provider’s stock worth $326,000 after buying an additional 775 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Ameresco by 335.9% in the 2nd quarter. Bank of Montreal Can now owns 2,345 shares of the utilities provider’s stock worth $35,000 after buying an additional 1,807 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Ameresco by 134.0% in the 1st quarter. Meeder Asset Management Inc. now owns 4,205 shares of the utilities provider’s stock worth $68,000 after buying an additional 2,408 shares during the last quarter. KBC Group NV lifted its position in shares of Ameresco by 10.4% in the 2nd quarter. KBC Group NV now owns 30,279 shares of the utilities provider’s stock worth $446,000 after buying an additional 2,856 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Ameresco by 7.5% in the 2nd quarter. Strs Ohio now owns 41,800 shares of the utilities provider’s stock worth $615,000 after acquiring an additional 2,900 shares during the period. Institutional investors own 29.16% of the company’s stock.

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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