257 institutions hold shares in Atlantica Sustainable Infrastructure plc (AY), with 49.28M shares held by insiders accounting for 44.52% while institutional investors hold 88.15% of the company’s shares. The shares outstanding are 102.71M, and float is at 57.31M with Short Float at 6.12%. Institutions hold 48.91% of the Float.
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 5.66% 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 5.50% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 3.47 million shares representing 3.26% and valued at over $131.97 million, while Kayne Anderson Capital Advisors, L.P. holds 3.21% of the shares totaling 3.43 million with a market value of $130.17 million.
Atlantica Sustainable Infrastructure plc (NASDAQ: AY) is -4.16% lower on its value in year-to-date trading and has touched a low of $20.58 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 $37.63 in the last trading session, with the day’s loss setting it -1.23% off its average median price target of $44.00 for the next 12 months. It is also 22.55% off the consensus price target high of $47.00 offered by 5 analysts, but current levels are 9.0% higher than the price target low of $40.00 for the same period.
Currently trading at $36.40, the stock is 3.69% and -4.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.2 million and changing -3.27% at the moment leaves the stock 8.50% off its SMA200. AY registered 69.38% gain for a year compared to 6-month gain of 27.99%. The firm has a 50-day simple moving average (SMA 50) of $35.80 and a 200-day simple moving average (SMA200) of $35.56.
The stock witnessed a 4.69% loss in the last 1 month and extending the period to 3 months gives it a -4.16%, and is 8.62% up 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 5.00% over the week and 4.45% over the month.
Atlantica Sustainable Infrastructure plc (AY) has around 441 employees, a market worth around $3.92B and $1.01B in sales. Current P/E ratio is 364.00 and Fwd P/E is 22.82. Profit margin for the company is 1.20%. Distance from 52-week low is 76.83% and -24.93% from its 52-week high. The company has generated returns on investments over the last 12 months (4.50%).
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 2.40, 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 08/09/2021 and quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $254.07M over the same period.The EPS is expected to shrink by -81.20% this year, but quarterly earnings will post 12.60% year-over-year. Quarterly sales are estimated to grow 20.80% 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 19.88% up over the past 12 months and Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) that is 9.51% higher over the same period. Enel Americas S.A. (ENIA) is 44.91% up on the 1-year trading charts. Short interest in the company’s stock has risen 37.89% from the last report on Feb 11, 2021 to stand at a total of 2.18 million short shares sold with a short interest ratio of 3.17.