Atlantica Sustainable Infrastructure (NASDAQ:AY) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a research note issued to investors on Thursday. The brokerage issued a sell rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Trading Up 0.0 %

Shares of AY opened at $22.11 on Thursday. 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 company has a market cap of $2.57 billion, a price-to-earnings ratio of 76.24, a PEG ratio of 2.15 and a beta of 1.03. The stock has a fifty day moving average price of $21.99 and a two-hundred day moving average price of $22.07. Atlantica Sustainable Infrastructure has a 52-week low of $16.82 and a 52-week high of $23.47.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AY. Lazard Asset Management LLC grew its position in shares of Atlantica Sustainable Infrastructure by 110.8% during the 1st quarter. Lazard Asset Management LLC now owns 9,826,614 shares of the utilities provider’s stock worth $181,595,000 after buying an additional 5,164,084 shares during the period. Alpine Associates Management Inc. acquired a new stake in Atlantica Sustainable Infrastructure during the 2nd quarter worth $23,699,000. Westchester Capital Management LLC raised its position in shares of Atlantica Sustainable Infrastructure by 305.3% during the 3rd quarter. Westchester Capital Management LLC now owns 1,143,722 shares of the utilities provider’s stock valued at $25,139,000 after acquiring an additional 861,541 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Atlantica Sustainable Infrastructure in the 2nd quarter valued at $13,719,000. Finally, Glazer Capital LLC acquired a new position in shares of Atlantica Sustainable Infrastructure in the 2nd quarter valued at $13,629,000. 40.53% of the stock is currently owned by institutional investors.

About Atlantica Sustainable Infrastructure

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.