CIBC Private Wealth Group LLC trimmed its position in shares of Atlantica Yield PLC (NASDAQ:AY) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 450,000 shares of the utilities provider’s stock after selling 29,446 shares during the period. CIBC Private Wealth Group LLC’s holdings in Atlantica Yield were worth $8,820,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in Atlantica Yield during the fourth quarter valued at approximately $30,000. Nisa Investment Advisors LLC bought a new position in Atlantica Yield in the 4th quarter worth approximately $33,000. Tortoise Capital Advisors L.L.C. bought a new position in Atlantica Yield in the 3rd quarter worth approximately $38,000. Tower Research Capital LLC TRC bought a new position in Atlantica Yield in the 3rd quarter worth approximately $107,000. Finally, Bronfman E.L. Rothschild L.P. bought a new position in Atlantica Yield in the 3rd quarter worth approximately $114,000. Institutional investors and hedge funds own 47.47% of the company’s stock.
A number of research firms recently commented on AY. BidaskClub upgraded shares of Atlantica Yield from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Citigroup started coverage on shares of Atlantica Yield in a research note on Monday, January 7th. They issued a “buy” rating and a $25.00 target price for the company. ValuEngine downgraded shares of Atlantica Yield from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Zacks Investment Research downgraded shares of Atlantica Yield from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Atlantica Yield has an average rating of “Buy” and an average target price of $24.90.
Shares of Atlantica Yield stock opened at $17.63 on Thursday. Atlantica Yield PLC has a fifty-two week low of $17.50 and a fifty-two week high of $21.22. The company has a current ratio of 2.61, a quick ratio of 2.57 and a debt-to-equity ratio of 2.92. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -97.94, a P/E/G ratio of 0.44 and a beta of 0.59.
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About Atlantica Yield
Atlantica Yield plc acquires, owns, and manages renewable energy natural gas, power, electric transmission lines, and water assets in North America, South America, Spain, Algeria, and South Africa. As of December 31, 2017, it had 22 assets, including 1,446 megawatts (MW) of renewable energy generation assets comprising solar power and wind plants; 300 MW of natural gas power generation assets that produce electricity and steam from natural gas; 1,099 miles of electric transmission lines; and desalination plants with an aggregate capacity of 10.5 million cubic feet per day.
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