Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its stake in shares of Atlantica Sustainable Infrastructure plc (NASDAQ:AY) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,693 shares of the utilities provider’s stock after selling 2,661 shares during the quarter. Van ECK Associates Corp’s holdings in Atlantica Sustainable Infrastructure were worth $433,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AY. Insight Folios Inc lifted its position in shares of Atlantica Sustainable Infrastructure by 2.4% during the 3rd quarter. Insight Folios Inc now owns 24,655 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 576 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Atlantica Sustainable Infrastructure by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,389 shares of the utilities provider’s stock worth $382,000 after buying an additional 637 shares during the last quarter. Private Advisor Group LLC boosted its position 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 worth $387,000 after acquiring an additional 864 shares in the last quarter. Covestor Ltd increased its holdings in shares of Atlantica Sustainable Infrastructure by 12.8% in the 1st quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 1,064 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Atlantica Sustainable Infrastructure during the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of NASDAQ:AY opened at $22.10 on Wednesday. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.82 and a 52 week high of $23.47. The company has a 50-day moving average price of $21.97 and a 200 day moving average price of $22.02. The company has a market cap of $2.56 billion, a P/E ratio of 66.94, a PEG ratio of 2.15 and a beta of 1.03. The company has a quick ratio of 1.30, a current ratio of 1.35 and a debt-to-equity ratio of 3.26.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure in a research report on Wednesday, November 6th. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $22.20.

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.