StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY - Free Report) in a research note published on Thursday morning. The brokerage issued a sell rating on the utilities provider's stock.
Atlantica Sustainable Infrastructure Stock Performance
Shares of AY stock remained flat at $22.10 during trading hours on Thursday. 377,584 shares of the stock traded hands, compared to its average volume of 1,216,475. The company's fifty day simple moving average is $21.98 and its 200 day simple moving average 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 quick ratio of 1.30 and a current ratio of 1.35. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 66.97, a P/E/G ratio of 2.15 and a beta of 1.03.
Hedge Funds Weigh In On Atlantica Sustainable Infrastructure
A number of hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Atlantica Sustainable Infrastructure in the 2nd quarter worth about $30,000. Private Trust Co. NA raised its stake in Atlantica Sustainable Infrastructure by 362.1% in the 3rd quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider's stock valued at $56,000 after acquiring an additional 1,995 shares during the period. Headlands Technologies LLC raised its stake in Atlantica Sustainable Infrastructure by 499.4% in the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider's stock valued at $90,000 after acquiring an additional 3,411 shares during the period. BNP Paribas Financial Markets raised its stake in Atlantica Sustainable Infrastructure by 433.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider's stock valued at $164,000 after acquiring an additional 6,064 shares during the period. Finally, Covestor Ltd increased its position in shares of Atlantica Sustainable Infrastructure by 12.8% during the first quarter. Covestor Ltd now owns 9,385 shares of the utilities provider's stock valued at $173,000 after buying an additional 1,064 shares during the period. 40.53% of the stock is owned by hedge funds and other institutional investors.
About Atlantica Sustainable Infrastructure
(
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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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