Premier Fund Managers Ltd Decreases Stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Premier Fund Managers Ltd decreased its position in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 25.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 297,400 shares of the utilities provider’s stock after selling 100,600 shares during the period. Premier Fund Managers Ltd’s holdings in Atlantica Sustainable Infrastructure were worth $11,232,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bartlett & Co. LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 4th quarter worth approximately $38,000. Clean Yield Group purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 4th quarter worth approximately $57,000. Walter & Keenan Financial Consulting Co. MI ADV purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 4th quarter worth approximately $114,000. Kore Private Wealth LLC increased its stake in shares of Atlantica Sustainable Infrastructure by 57.9% during the 3rd quarter. Kore Private Wealth LLC now owns 7,379 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 2,707 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of Atlantica Sustainable Infrastructure during the 4th quarter worth approximately $228,000. Hedge funds and other institutional investors own 37.81% of the company’s stock.

NASDAQ:AY traded down $0.47 during trading hours on Tuesday, hitting $35.88. The stock had a trading volume of 40,319 shares, compared to its average volume of 902,414. The company has a 50 day simple moving average of $42.81 and a two-hundred day simple moving average of $34.46. The company has a debt-to-equity ratio of 3.39, a current ratio of 1.81 and a quick ratio of 1.78. Atlantica Sustainable Infrastructure plc has a one year low of $17.74 and a one year high of $48.49. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 61.61, a P/E/G ratio of 1.06 and a beta of 0.76.

A number of research firms recently weighed in on AY. Raymond James lowered shares of Atlantica Sustainable Infrastructure from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $36.00 to $47.00 in a research note on Wednesday, January 27th. Morgan Stanley lifted their price objective on shares of Atlantica Sustainable Infrastructure from $35.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, January 12th. Zacks Investment Research lowered shares of Atlantica Sustainable Infrastructure from a “hold” rating to a “sell” rating in a research note on Wednesday, February 17th. Finally, Seaport Global Securities upgraded shares of Atlantica Sustainable Infrastructure from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, December 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Atlantica Sustainable Infrastructure has a consensus rating of “Hold” and a consensus target price of $42.60.

Atlantica Sustainable Infrastructure Profile

Atlantica Sustainable Infrastructure plc acquires, owns, and manages renewable energy, natural gas, transmission and transportation infrastructures, and water assets in the United States, Canada, Mexico, Peru, Chile, Uruguay, Spain, Algeria, and South Africa. It owns 25 assets comprising 1,496 MW of aggregate renewable energy installed generation capacity; 343 MW of natural gas-fired power generation capacity; 1,166 miles of electric transmission lines; and 10.5 million cubic feet per day of water desalination assets.

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Institutional Ownership by Quarter for Atlantica Sustainable Infrastructure (NASDAQ:AY)

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