Investors are more bullish on shares of the company recently as inferred by the downtick in short interest. The firm realized a fall in short interest between September 29, 2017 and October 13, 2017 of -15.70%. Short interest decreased from 322,241 to 271,644 over that timeframe. With short interest at 271,644 and short average daily volume at 37,569, the short-interest ratio is 7.0 and the percentage of shorted shares was 0.01% on October 13.
Ameresco, Inc. Class A (NYSE:AMRC) has been the object of insider selling activity recently. Joseph P. Demanche, EVP disclosed the sale of 4,220 shares. The shares were sold on September 22nd for an average price of $7.80. The EVP now owns $1,560,000 of the stock according to the SEC filing.
These funds have shifted positions in (AMRC). Cutler Group LP grew its stake by buying 2,000 shares an increase of 666.7% as of 09/30/2017. Cutler Group LP now holds 2,300 shares with a value of $1,000. The value of the position overall is up by inf%. Strs Ohio divested its ownership by shedding 7,400 shares a decrease of 8.4% from 06/30/2017 to 09/30/2017. Strs Ohio now controls 80,700 shares valued at $629,000. The total value of its holdings decreased 7.2%.
Nationwide Fund Advisors reduced its holdings by selling 12,184 shares a decrease of 42.7%. Nationwide Fund Advisors controls 16,326 shares worth $127,000. The value of the position overall is down by 42.3%. Raymond James Financial Services Advisors, Inc. cut its position by selling 160 shares a decrease of 0.4% in the quarter. Raymond James Financial Services Advisors, Inc. owns 42,320 shares valued at $330,000. The value of the position overall is up by 0.9%.
August 10 investment analysts at Canaccord Genuity held the company rating at “Buy” but raised the price target from $8.00 to $8.50.
The company is trading down by 1.28% since yesterday’s close of $7.70. Shares last traded at $7.70 slightly below the 50 day moving average of $7.75 and which is a tad above the 200 day moving average of $7.08. The 50 day moving average was down by -0.63% and the 200 day average went up $0.62 or +8.69%.
The most current P/E ratio is 25.58 and market capitalization is 350.56M. As of the latest earnings report the EPS was $0.30 and is expected to be $0.42 for the current year with 45,527,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.16 and the next full year EPS is anticipated to be $0.51.
Ameresco, Inc. (Ameresco), launched on April 25, 2000, is a provider of a range of energy services, including energy efficiency, infrastructure upgrades, energy security and resilience, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include capital and operational upgrades to a facility’s energy infrastructure and the development, construction, ownership and operation of renewable energy plants. The Business’s segments include U.S. Regions, U.S. Federal, Canada, Small-Scale Infrastructure and All Other..