Atlantica Sustainable Infrastructure (NASDAQ:AY) Now Covered by StockNews.com

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

Atlantica Sustainable Infrastructure Stock Performance

AY opened at $21.94 on Friday. Atlantica Sustainable Infrastructure has a fifty-two week low of $16.82 and a fifty-two week high of $23.47. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.25 and a quick ratio of 1.20. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 2.16 and a beta of 1.03. The company’s 50 day moving average price is $22.03 and its two-hundred day moving average price is $22.09.

Institutional Investors Weigh In On Atlantica Sustainable Infrastructure

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Atlantica Sustainable Infrastructure in the 3rd quarter valued at $44,000. Melqart Asset Management UK Ltd boosted its stake in shares of Atlantica Sustainable Infrastructure by 4.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 1,337,755 shares of the utilities provider’s stock valued at $29,404,000 after purchasing an additional 53,680 shares during the last quarter. Centiva Capital LP boosted its stake in shares of Atlantica Sustainable Infrastructure by 13.5% in the 3rd quarter. Centiva Capital LP now owns 125,755 shares of the utilities provider’s stock valued at $2,764,000 after purchasing an additional 15,000 shares during the last quarter. ClearAlpha Technologies LP boosted its stake in shares of Atlantica Sustainable Infrastructure by 10.1% in the 3rd quarter. ClearAlpha Technologies LP now owns 148,327 shares of the utilities provider’s stock valued at $3,260,000 after purchasing an additional 13,587 shares during the last quarter. Finally, Athos Capital Ltd boosted its stake in shares of Atlantica Sustainable Infrastructure by 10.1% in the 3rd quarter. Athos Capital Ltd now owns 220,100 shares of the utilities provider’s stock valued at $4,838,000 after purchasing an additional 20,100 shares during the last quarter. 40.53% of the stock is owned by institutional investors.

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.