56,648 Shares in Atlantica Yield PLC (AY) Acquired by Ascend Capital LLC
Ascend Capital LLC acquired a new position in shares of Atlantica Yield PLC (NASDAQ:AY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 56,648 shares of the utilities provider’s stock, valued at approximately $1,201,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Atlantica Yield during the 4th quarter worth $60,159,000. Ecofin Ltd. bought a new stake in shares of Atlantica Yield during the 4th quarter worth $36,449,000. Assenagon Asset Management S.A. bought a new stake in shares of Atlantica Yield during the 4th quarter worth $16,076,000. Dimensional Fund Advisors LP boosted its stake in shares of Atlantica Yield by 122.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 715,324 shares of the utilities provider’s stock worth $14,091,000 after acquiring an additional 393,781 shares in the last quarter. Finally, BlackRock Inc. bought a new stake in shares of Atlantica Yield during the 4th quarter worth $14,534,000. 51.93% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the company. BidaskClub raised Atlantica Yield from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered Atlantica Yield from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. Guggenheim set a $27.00 price objective on Atlantica Yield and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Royal Bank of Canada raised their price objective on Atlantica Yield from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.60.
About Atlantica Yield
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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