233 institutions hold shares in Atlantica Sustainable Infrastructure plc (AY), with 43.25M shares held by insiders accounting for 42.57% while institutional investors hold 76.47% of the company’s shares. The shares outstanding are 101.60M, and float is at 57.31M with Short Float at 3.80%. Institutions hold 43.92% of the Float.
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The top institutional shareholder in the company is Morgan Stanley with over 6.04 million shares valued at $229.26 million. The investor’s holdings represent 6.02% of the AY Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 5.86 million shares valued at $222.73 million to account for 5.85% of the shares outstanding. The other top investors are Wellington Management Company, LLP which holds 3.47 million shares representing 3.47% and valued at over $131.97 million, while Kayne Anderson Capital Advisors, L.P. holds 3.42% of the shares totaling 3.43 million with a market value of $130.17 million.
Atlantica Sustainable Infrastructure plc (NASDAQ: AY) is -9.14% lower on its value in year-to-date trading and has touched a low of $17.74 and a high of $48.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AY stock was last observed hovering at around $36.82 in the last trading session, with the day’s loss setting it -2.31% off its average median price target of $46.00 for the next 12 months. It is also 32.33% off the consensus price target high of $51.00 offered by 5 analysts, but current levels are 17.83% higher than the price target low of $42.00 for the same period.
Currently trading at $34.51, the stock is -12.98% and -15.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing -6.27% at the moment leaves the stock 5.83% off its SMA200. AY registered 19.74% gain for a year compared to 6-month gain of 14.92%. The firm has a 50-day simple moving average (SMA 50) of $41.26 and a 200-day simple moving average (SMA200) of $34.56.
The stock witnessed a -18.26% loss in the last 1 month and extending the period to 3 months gives it a 0.35%, and is -6.96% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.66% over the week and 4.50% over the month.
Atlantica Sustainable Infrastructure plc (AY) has around 425 employees, a market worth around $3.66B and $982.00M in sales. Current P/E ratio is 58.00 and Fwd P/E is 29.05. Profit margin for the company is 6.40%. Distance from 52-week low is 94.59% and -28.83% from its 52-week high. The company has generated returns on investments over the last 12 months (6.60%).
Atlantica Sustainable Infrastructure plc (AY) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Atlantica Sustainable Infrastructure plc (AY) is a “Overweight”. 5 analysts offering their recommendations for the stock have an average rating of 2.60, where 2 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Atlantica Sustainable Infrastructure plc is expected to release its quarterly report on 05/07/2021 and quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $247.98M over the same period.The EPS is expected to grow by 48.10% this year, but quarterly earnings will post 14.10% year-over-year. Quarterly sales are estimated to grow 17.90% in year-over-year returns.
Atlantica Sustainable Infrastructure plc (AY): Who are the competitors?
The company’s main competitors (and peers) include Companhia Paranaense de Energia – COPEL (ELP) that is trading -30.43% down over the past 12 months. Enel Americas S.A. (ENIA) is -13.91% down on the 1-year trading charts. Short interest in the company’s stock has risen 8.72% from the last report on Jan 14, 2021 to stand at a total of 1.99 million short shares sold with a short interest ratio of 2.7.