Equities research analysts at StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Free Report) in a research note issued on Wednesday. The firm set a “sell” rating on the utilities provider’s stock.
Atlantica Sustainable Infrastructure Stock Performance
Atlantica Sustainable Infrastructure stock opened at $21.99 on Wednesday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.20 and a current ratio of 1.25. Atlantica Sustainable Infrastructure has a fifty-two week low of $16.82 and a fifty-two week high of $23.47. The stock has a market cap of $2.55 billion, a P/E ratio of 75.83, a PEG ratio of 2.14 and a beta of 1.00. The firm’s fifty day moving average price is $22.03 and its 200-day moving average price is $22.02.
Institutional Investors Weigh In On Atlantica Sustainable Infrastructure
Several hedge funds have recently bought and sold shares of AY. Alpine Associates Management Inc. raised its position in 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 valued at $36,542,000 after purchasing an additional 582,821 shares in the last quarter. Melqart Asset Management UK Ltd increased its position in shares of Atlantica Sustainable Infrastructure by 4.2% during 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. Westchester Capital Management LLC increased its position in shares of Atlantica Sustainable Infrastructure by 305.3% during the 3rd quarter. Westchester Capital Management LLC now owns 1,143,722 shares of the utilities provider’s stock valued at $25,139,000 after purchasing an additional 861,541 shares during the last quarter. Glazer Capital LLC purchased a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter valued at about $13,629,000. Finally, Water Island Capital LLC bought a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter worth approximately $13,438,000. 40.53% of the stock is currently 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.
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