Entropy Technologies LP acquired a new position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 25,784 shares of the utilities provider's stock, valued at approximately $567,000.
A number of other hedge funds have also recently made changes to their positions in AY. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Atlantica Sustainable Infrastructure during the second quarter valued at approximately $30,000. Headlands Technologies LLC raised its position in Atlantica Sustainable Infrastructure by 499.4% during the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider's stock valued at $90,000 after purchasing an additional 3,411 shares during the period. Covestor Ltd raised its position in 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 purchasing an additional 1,064 shares during the period. Virtu Financial LLC purchased a new stake in Atlantica Sustainable Infrastructure during the first quarter valued at approximately $196,000. Finally, Bright Futures Wealth Management LLC. purchased a new stake in Atlantica Sustainable Infrastructure during the first quarter valued at approximately $236,000. Institutional investors own 40.53% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on Atlantica Sustainable Infrastructure in a report on Thursday. They issued a "sell" rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Atlantica Sustainable Infrastructure has a consensus rating of "Hold" and an average target price of $22.20.
Check Out Our Latest Stock Analysis on AY
Atlantica Sustainable Infrastructure Price Performance
Shares of Atlantica Sustainable Infrastructure stock traded up $0.01 during mid-day trading on Friday, reaching $22.11. 1,182,103 shares of the stock traded hands, compared to its average volume of 1,216,320. The stock has a market capitalization of $2.57 billion, a PE ratio of 67.00, a PEG ratio of 2.15 and a beta of 1.03. The business has a 50-day moving average of $21.98 and a 200 day moving average of $22.04. Atlantica Sustainable Infrastructure plc has a fifty-two week low of $16.82 and a fifty-two week high of $23.47. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26.
About Atlantica Sustainable Infrastructure
(
Free Report)
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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