Raymond James & Associates lowered its holdings in Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Free Report) by 21.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,053 shares of the utilities provider's stock after selling 33,188 shares during the quarter. Raymond James & Associates owned 0.11% of Atlantica Sustainable Infrastructure worth $2,749,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AY. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Atlantica Sustainable Infrastructure in the 2nd quarter worth $30,000. Headlands Technologies LLC raised its position in shares of Atlantica Sustainable Infrastructure by 499.4% during the 2nd quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider's stock worth $90,000 after purchasing an additional 3,411 shares during the last quarter. Covestor Ltd raised its position in shares of Atlantica Sustainable Infrastructure by 12.8% during the 1st quarter. Covestor Ltd now owns 9,385 shares of the utilities provider's stock worth $173,000 after purchasing an additional 1,064 shares during the last quarter. Virtu Financial LLC purchased a new position in Atlantica Sustainable Infrastructure in the 1st quarter valued at about $196,000. Finally, Bright Futures Wealth Management LLC. acquired a new stake in Atlantica Sustainable Infrastructure in the 1st quarter worth about $236,000. Hedge funds and other institutional investors own 40.53% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a research note on Tuesday, October 29th. 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $22.20.
Check Out Our Latest Stock Analysis on Atlantica Sustainable Infrastructure
Atlantica Sustainable Infrastructure Price Performance
Atlantica Sustainable Infrastructure stock traded up $0.01 during mid-day trading on Tuesday, hitting $22.08. 2,418,326 shares of the company were exchanged, compared to its average volume of 1,225,908. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. Atlantica Sustainable Infrastructure plc has a 12-month low of $16.82 and a 12-month high of $23.47. The business's 50 day simple moving average is $21.97 and its two-hundred day simple moving average is $21.93. The company has a market capitalization of $2.56 billion, a P/E ratio of 66.94, a PEG ratio of 2.15 and a beta of 1.03.
Atlantica Sustainable Infrastructure Profile
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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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