Shares of Atlantic Power Corp (NYSE:AT) (TSE:ATP) hit a new 52-week low on Tuesday . The company traded as low as $1.89 and last traded at $1.87, with a volume of 446812 shares. The stock had previously closed at $1.90.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Wednesday, November 15th. National Bank Financial set a $2.50 price target on shares of Atlantic Power and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $2.58.
The stock has a market cap of $213.14, a PE ratio of 16.82 and a beta of 1.53. The company has a debt-to-equity ratio of 30.07, a current ratio of 1.07 and a quick ratio of 0.97.
Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of Atlantic Power by 141.2% during the third quarter. Jane Street Group LLC now owns 41,795 shares of the utilities provider’s stock worth $102,000 after acquiring an additional 24,467 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of Atlantic Power by 10.6% during the second quarter. Nationwide Fund Advisors now owns 71,880 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 6,867 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Atlantic Power during the third quarter worth about $180,000. Voya Investment Management LLC grew its position in shares of Atlantic Power by 14.7% during the second quarter. Voya Investment Management LLC now owns 75,284 shares of the utilities provider’s stock worth $181,000 after acquiring an additional 9,647 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Atlantic Power by 50.5% during the fourth quarter. Two Sigma Advisers LP now owns 80,801 shares of the utilities provider’s stock worth $190,000 after acquiring an additional 27,100 shares during the last quarter. Institutional investors and hedge funds own 47.71% of the company’s stock.
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Atlantic Power Company Profile
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers. Atlantic Power’s segments include East U.S., West U.S. and Canada. The Company’s East U.S.
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