Atlantica Yield PLC (NASDAQ:ABY) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Atlantica Yield PLC from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Tuesday, July 11th. TheStreet raised shares of Atlantica Yield PLC from a “d” rating to a “c-” rating in a research report on Monday, June 12th. Finally, ValuEngine raised shares of Atlantica Yield PLC from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $22.80.

Shares of Atlantica Yield PLC (NASDAQ:ABY) traded up 0.72% on Friday, hitting $20.91. 285,394 shares of the company were exchanged. Atlantica Yield PLC has a 52-week low of $16.55 and a 52-week high of $22.87. The firm has a market cap of $2.10 billion, a P/E ratio of 67.45 and a beta of 1.12. The company has a 50-day moving average price of $21.19 and a 200 day moving average price of $20.86.

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A number of hedge funds have recently bought and sold shares of the company. Ecofin Ltd. increased its stake in shares of Atlantica Yield PLC by 6.8% in the second quarter. Ecofin Ltd. now owns 922,044 shares of the utilities provider’s stock valued at $19,695,000 after buying an additional 59,046 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Atlantica Yield PLC during the second quarter valued at about $2,367,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Atlantica Yield PLC by 316.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 291,198 shares of the utilities provider’s stock valued at $6,220,000 after buying an additional 221,298 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Atlantica Yield PLC during the second quarter valued at about $486,000. Finally, AHL Partners LLP increased its stake in shares of Atlantica Yield PLC by 82.9% in the second quarter. AHL Partners LLP now owns 527,928 shares of the utilities provider’s stock valued at $11,277,000 after buying an additional 239,245 shares during the period. 47.79% of the stock is owned by hedge funds and other institutional investors.

About Atlantica Yield PLC

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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