Global X Management Co. LLC purchased a new position in Atlantica Yield PLC (NASDAQ:AY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 65,481 shares of the utilities provider’s stock, valued at approximately $1,389,000.
A number of other large investors have also modified their holdings of AY. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Atlantica Yield in the 4th quarter valued at about $60,159,000. Ecofin Ltd. acquired a new position in shares of Atlantica Yield in the 4th quarter valued at about $36,449,000. Assenagon Asset Management S.A. acquired a new position in shares of Atlantica Yield in the 4th quarter valued at about $16,076,000. Dimensional Fund Advisors LP lifted its stake in shares of Atlantica Yield by 122.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 715,324 shares of the utilities provider’s stock valued at $14,091,000 after purchasing an additional 393,781 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Atlantica Yield in the 4th quarter valued at about $12,113,000. 51.93% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on AY shares. Zacks Investment Research lowered Atlantica Yield from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. Royal Bank of Canada lifted their price objective on Atlantica Yield from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. BidaskClub raised Atlantica Yield from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Guggenheim set a $27.00 price objective on Atlantica Yield and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Bank of America reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Atlantica Yield in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.60.
Shares of Atlantica Yield PLC (NASDAQ AY) opened at $20.40 on Monday. The company has a market capitalization of $2,044.43, a PE ratio of 75.56, a P/E/G ratio of 0.98 and a beta of 1.07. The company has a current ratio of 2.23, a quick ratio of 2.20 and a debt-to-equity ratio of 2.90. Atlantica Yield PLC has a twelve month low of $19.30 and a twelve month high of $25.99.
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Atlantica Yield Company Profile
Atlantica Yield plc, formerly Abengoa Yield plc, is a total return company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets, focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil and Uruguay) and Europe, Middle East and Africa (Spain, Algeria and South Africa).
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