Wolverine Asset Management LLC Acquires 80,703 Shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Wolverine Asset Management LLC increased its position in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY - Free Report) by 321.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,803 shares of the utilities provider's stock after purchasing an additional 80,703 shares during the quarter. Wolverine Asset Management LLC owned 0.09% of Atlantica Sustainable Infrastructure worth $2,326,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new position in Atlantica Sustainable Infrastructure during the second quarter valued at approximately $30,000. Headlands Technologies LLC lifted its holdings in shares of Atlantica Sustainable Infrastructure by 499.4% during the second 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 period. Covestor Ltd grew its holdings in Atlantica Sustainable Infrastructure by 12.8% in the 1st 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. Virtu Financial LLC bought a new position in Atlantica Sustainable Infrastructure during the 1st quarter worth $196,000. Finally, Bright Futures Wealth Management LLC. purchased a new stake in shares of Atlantica Sustainable Infrastructure during the first quarter valued at $236,000. Institutional investors and hedge funds own 40.53% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Atlantica Sustainable Infrastructure in a research report on Wednesday, November 6th. They issued a "sell" rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $22.20.

Atlantica Sustainable Infrastructure Price Performance

Shares of AY traded up $0.01 during midday trading on Tuesday, hitting $22.10. 931,100 shares of the company traded hands, compared to its average volume of 1,223,973. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 66.94, a PEG ratio of 2.15 and a beta of 1.03. The firm has a 50 day moving average of $21.97 and a 200-day moving average of $22.02. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.82 and a 52 week 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.

Atlantica Sustainable Infrastructure Profile

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.