Atlantica Sustainable Infrastructure (NASDAQ:AY) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Price Performance

Atlantica Sustainable Infrastructure stock opened at $22.10 on Thursday. The stock’s fifty day moving average price is $21.97 and its two-hundred day moving average price is $22.04. Atlantica Sustainable Infrastructure has a one year low of $16.82 and a one year high of $23.47. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. The firm has a market cap of $2.56 billion, a PE ratio of 66.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of AY. Lazard Asset Management LLC boosted its holdings in shares of Atlantica Sustainable Infrastructure by 110.8% during the 1st quarter. Lazard Asset Management LLC now owns 9,826,614 shares of the utilities provider’s stock valued at $181,595,000 after acquiring an additional 5,164,084 shares in the last quarter. Alpine Associates Management Inc. boosted its holdings in shares of Atlantica Sustainable Infrastructure by 54.0% during the 3rd quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock valued at $36,542,000 after acquiring an additional 582,821 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $13,719,000. Glazer Capital LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $13,629,000. Finally, Water Island Capital LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at $13,438,000. Institutional investors own 40.53% of the company’s stock.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.