Atlantica Sustainable Infrastructure (NASDAQ:AY) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a note issued to investors on Sunday. The firm set a “sell” rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Trading Up 0.0 %

AY opened at $21.97 on Friday. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 75.76, a P/E/G ratio of 2.13 and a beta of 1.00. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 3.36. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47. The company has a 50-day simple moving average of $22.03 and a 200 day simple moving average of $22.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Alpine Associates Management Inc. increased its position in Atlantica Sustainable Infrastructure by 54.0% during the 3rd quarter. Alpine Associates Management Inc. now owns 1,662,509 shares of the utilities provider’s stock valued at $36,542,000 after purchasing an additional 582,821 shares during the period. Melqart Asset Management UK Ltd increased its position in Atlantica Sustainable Infrastructure by 4.2% during 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. Westchester Capital Management LLC increased its position in 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 purchasing an additional 861,541 shares during the period. Picton Mahoney Asset Management acquired a new stake in Atlantica Sustainable Infrastructure during the 2nd quarter valued at approximately $13,719,000. Finally, Glazer Capital LLC acquired a new stake in Atlantica Sustainable Infrastructure during the 2nd quarter valued at approximately $13,629,000. Institutional investors own 40.53% of the company’s stock.

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.