StockNews.com Initiates Coverage on Atlantica Sustainable Infrastructure (NASDAQ:AY)

StockNews.com initiated coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a report released on Thursday morning. The firm issued a sell rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Trading Up 0.0 %

AY opened at $22.11 on Thursday. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47. The firm has a market cap of $2.57 billion, a PE ratio of 76.24, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. 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 firm’s fifty day moving average is $21.99 and its two-hundred day moving average is $22.07.

Hedge Funds Weigh In On Atlantica Sustainable Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in Atlantica Sustainable Infrastructure in the 3rd quarter valued at $44,000. Melqart Asset Management UK Ltd raised its stake in shares of Atlantica Sustainable Infrastructure by 4.2% in the 3rd quarter. Melqart Asset Management UK Ltd now owns 1,337,755 shares of the utilities provider’s stock valued at $29,404,000 after purchasing an additional 53,680 shares during the period. Centiva Capital LP boosted its position in shares of Atlantica Sustainable Infrastructure by 13.5% during the third quarter. Centiva Capital LP now owns 125,755 shares of the utilities provider’s stock worth $2,764,000 after buying an additional 15,000 shares during the period. ClearAlpha Technologies LP grew its holdings in shares of Atlantica Sustainable Infrastructure by 10.1% during the third quarter. ClearAlpha Technologies LP now owns 148,327 shares of the utilities provider’s stock worth $3,260,000 after buying an additional 13,587 shares in the last quarter. Finally, Athos Capital Ltd raised its position in Atlantica Sustainable Infrastructure by 10.1% in the 3rd quarter. Athos Capital Ltd now owns 220,100 shares of the utilities provider’s stock valued at $4,838,000 after buying an additional 20,100 shares during the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Company 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.