Equities research analysts at StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY - Get Free Report) in a research note issued to investors on Friday. The firm set a "sell" rating on the utilities provider's stock.
Atlantica Sustainable Infrastructure Stock Down 0.0 %
Shares of Atlantica Sustainable Infrastructure stock traded down $0.01 during midday trading on Friday, hitting $22.13. The company had a trading volume of 328,286 shares, compared to its average volume of 1,215,495. The company has a 50 day moving average of $22.01 and a 200 day moving average of $22.09. 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 52-week low of $16.82 and a 52-week high of $23.47. The stock has a market capitalization of $2.57 billion, a P/E ratio of 76.34, a P/E/G ratio of 2.15 and a beta of 1.03.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in AY. Alpine Associates Management Inc. purchased a new position in Atlantica Sustainable Infrastructure in the second quarter worth about $23,699,000. Westchester Capital Management LLC lifted its stake in Atlantica Sustainable Infrastructure by 305.3% in the third quarter. Westchester Capital Management LLC now owns 1,143,722 shares of the utilities provider's stock worth $25,139,000 after purchasing an additional 861,541 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in Atlantica Sustainable Infrastructure in the second quarter worth about $13,719,000. Glazer Capital LLC bought a new stake in Atlantica Sustainable Infrastructure in the second quarter worth about $13,629,000. Finally, Water Island Capital LLC bought a new stake in Atlantica Sustainable Infrastructure in the second quarter worth about $13,438,000. Hedge funds and other institutional investors own 40.53% of the company's stock.
Atlantica Sustainable Infrastructure Company Profile
(
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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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