Research analysts at StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Free Report) in a report released on Thursday. The brokerage set a “sell” rating on the utilities provider’s stock.
Atlantica Sustainable Infrastructure Price Performance
Shares of AY opened at $21.99 on Thursday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 75.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. The company has a 50 day moving average of $22.03 and a two-hundred day moving average of $22.02.
Institutional Investors Weigh In On Atlantica Sustainable Infrastructure
Several institutional investors have recently bought and sold shares of AY. Alpine Associates Management Inc. lifted its stake in shares of Atlantica Sustainable Infrastructure by 54.0% during the third quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock worth $36,542,000 after buying an additional 582,821 shares during the period. Melqart Asset Management UK Ltd lifted its stake in shares of Atlantica Sustainable Infrastructure by 4.2% during the third quarter. Melqart Asset Management UK Ltd now owns 1,337,755 shares of the utilities provider’s stock worth $29,404,000 after buying an additional 53,680 shares during the period. Westchester Capital Management LLC lifted its stake in shares of Atlantica Sustainable Infrastructure by 305.3% during the third quarter. Westchester Capital Management LLC now owns 1,143,722 shares of the utilities provider’s stock worth $25,139,000 after buying an additional 861,541 shares during the period. Glazer Capital LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter worth $13,629,000. Finally, Water Island Capital LLC acquired a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter worth $13,438,000. 40.53% of the stock is currently owned by institutional investors and hedge funds.
Atlantica Sustainable Infrastructure Company Profile
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.
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