Stock analysts at StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY – Get Free Report) in a research report issued on Friday. The brokerage set a “sell” rating on the utilities provider’s stock.
Atlantica Sustainable Infrastructure Stock Performance
NASDAQ:AY opened at $22.14 on Friday. 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 firm has a market capitalization of $2.57 billion, a PE ratio of 76.35, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. Atlantica Sustainable Infrastructure has a 12-month low of $16.82 and a 12-month high of $23.47. The firm has a 50-day moving average price of $22.00 and a 200 day moving average price of $22.09.
Institutional Trading of Atlantica Sustainable Infrastructure
Hedge funds have recently modified their holdings of the stock. Manning & Napier Advisors LLC bought a new stake in shares of Atlantica Sustainable Infrastructure during the second quarter valued at approximately $2,195,000. Swedbank AB acquired a new position in Atlantica Sustainable Infrastructure in the first quarter valued at approximately $4,103,000. Quadrature Capital Ltd lifted its holdings in Atlantica Sustainable Infrastructure by 71.6% in the first quarter. Quadrature Capital Ltd now owns 56,640 shares of the utilities provider’s stock valued at $1,046,000 after buying an additional 23,627 shares during the period. Water Island Capital LLC acquired a new position in Atlantica Sustainable Infrastructure in the second quarter valued at approximately $13,438,000. Finally, Trium Capital LLP acquired a new position in Atlantica Sustainable Infrastructure in the second quarter valued at approximately $2,010,000. 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.
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