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

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

Atlantica Sustainable Infrastructure Stock Performance

Shares of AY stock opened at $22.09 on Wednesday. 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 has a market capitalization of $2.56 billion, a price-to-earnings ratio of 66.94, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. Atlantica Sustainable Infrastructure has a one year low of $16.82 and a one year high of $23.47. The company has a 50 day moving average price of $21.96 and a 200 day moving average price of $21.96.

Institutional Trading of Atlantica Sustainable Infrastructure

A number of institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its position in Atlantica Sustainable Infrastructure by 4.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 28,801 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 1,132 shares during the period. Private Advisor Group LLC raised its holdings in shares of Atlantica Sustainable Infrastructure by 4.3% during the 1st quarter. Private Advisor Group LLC now owns 20,918 shares of the utilities provider’s stock valued at $387,000 after buying an additional 864 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Atlantica Sustainable Infrastructure by 18.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 52,560 shares of the utilities provider’s stock worth $971,000 after acquiring an additional 7,999 shares in the last quarter. SG Americas Securities LLC lifted its position in Atlantica Sustainable Infrastructure by 61.0% during the 1st quarter. SG Americas Securities LLC now owns 16,378 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 6,203 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in Atlantica Sustainable Infrastructure in the 1st quarter worth approximately $1,815,000. Hedge funds and other 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.