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

Entropy Technologies LP acquired a new stake in Atlantica Sustainable Infrastructure plc (NASDAQ:AY) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 25,784 shares of the utilities provider’s stock, valued at approximately $567,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wolverine Asset Management LLC lifted its holdings in shares of Atlantica Sustainable Infrastructure by 321.5% during the 3rd quarter. Wolverine Asset Management LLC now owns 105,803 shares of the utilities provider’s stock worth $2,326,000 after acquiring an additional 80,703 shares during the period. Insight Folios Inc lifted its holdings 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 acquiring an additional 576 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Atlantica Sustainable Infrastructure during the 3rd quarter worth approximately $5,385,000. Handelsbanken Fonder AB lifted its holdings in shares of Atlantica Sustainable Infrastructure by 23.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 26,991 shares of the utilities provider’s stock worth $593,000 after acquiring an additional 5,200 shares during the period. Finally, Syquant Capital Sas bought a new stake in shares of Atlantica Sustainable Infrastructure during the 3rd quarter worth approximately $1,826,000. Institutional investors own 40.53% of the company’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of NASDAQ:AY opened at $22.10 on Friday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.30. Atlantica Sustainable Infrastructure plc has a one year low of $16.82 and a one year high of $23.47. The firm has a 50 day simple moving average of $21.98 and a 200 day simple moving average of $22.04. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 66.97, a PEG ratio of 2.15 and a beta of 1.03.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Atlantica Sustainable Infrastructure in a research note on Thursday. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.