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

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. Approximately 4.9% of the shares of the stock are sold short.

A number of institutional investors and hedge funds have recently modified their holdings of AMRC. BlackRock Inc. lifted its position in Ameresco by 32.3% in the second quarter. BlackRock Inc. now owns 1,469,588 shares of the utilities provider’s stock worth $21,648,000 after buying an additional 358,410 shares during the last quarter. Bandera Partners LLC lifted its position in Ameresco by 70.9% in the second quarter. Bandera Partners LLC now owns 683,684 shares of the utilities provider’s stock worth $10,071,000 after buying an additional 283,684 shares during the last quarter. Royce & Associates LP lifted its position in Ameresco by 27.8% in the first quarter. Royce & Associates LP now owns 727,019 shares of the utilities provider’s stock worth $11,763,000 after buying an additional 158,060 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ameresco by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,519,356 shares of the utilities provider’s stock worth $21,423,000 after buying an additional 127,758 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Ameresco by 29.9% in the first quarter. Handelsbanken Fonder AB now owns 539,750 shares of the utilities provider’s stock worth $8,733,000 after buying an additional 124,308 shares during the last quarter. Institutional investors own 29.16% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Ameresco from a “hold” rating to a “strong-buy” rating and set a $17.00 target price for the company in a research report on Monday. ValuEngine downgraded Ameresco from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ameresco presently has an average rating of “Buy” and a consensus price target of $18.30.

NYSE AMRC opened at $14.22 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.59. The company has a market cap of $698.01 million, a P/E ratio of 17.56, a P/E/G ratio of 1.02 and a beta of 0.54. Ameresco has a one year low of $11.73 and a one year high of $18.05. The firm’s 50 day moving average price is $14.33.

Ameresco (NYSE:AMRC) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $198.20 million during the quarter, compared to the consensus estimate of $196.95 million. Ameresco had a return on equity of 8.37% and a net margin of 4.62%. Ameresco’s revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. On average, equities analysts expect that Ameresco will post 0.81 EPS 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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