Entropy Technologies LP Purchases Shares of 25,784 Atlantica Sustainable Infrastructure plc (NASDAQ:AY)

Entropy Technologies LP purchased a new stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,784 shares of the utilities provider’s stock, valued at approximately $567,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Insight Folios Inc increased its stake 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 increased its stake in shares of 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 purchasing an additional 637 shares during the last quarter. Covestor Ltd increased its stake in shares of Atlantica Sustainable Infrastructure by 12.8% during the 1st quarter. Covestor Ltd now owns 9,385 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 1,064 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Atlantica Sustainable Infrastructure during the 2nd quarter worth about $30,000. Finally, Tidal Investments LLC increased its stake in shares of Atlantica Sustainable Infrastructure by 4.4% during the 1st quarter. Tidal Investments LLC now owns 35,474 shares of the utilities provider’s stock worth $656,000 after purchasing an additional 1,503 shares during the last quarter. 40.53% of the stock is currently owned by institutional investors and hedge funds.

Atlantica Sustainable Infrastructure Price Performance

Shares of AY opened at $22.10 on Friday. Atlantica Sustainable Infrastructure plc has a 52 week low of $16.82 and a 52 week high of $23.47. The firm has a market cap of $2.56 billion, a P/E ratio of 66.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The firm’s 50-day simple moving average is $21.98 and its 200 day simple moving average is $22.04. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.30 and a current ratio of 1.35.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Atlantica Sustainable Infrastructure in a research note on Thursday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.20.

Atlantica Sustainable Infrastructure 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.