Pantheon Infrastructure (LON:PINT) Reaches New 52-Week High - Still a Buy?

Key Points

• Pantheon Infrastructure's stock reached a new 52-week high of GBX 110 ($1.49) recently, with significant trading volume of over 7 million shares.
• Insiders have shown confidence in the company by purchasing shares, including Sapna Shah and Anthony Bickerstaff, who bought 49,255 and 50,000 shares respectively.
• The company focuses on building a diversified portfolio of high-quality infrastructure assets, prioritizing strong environmental, social, and governance (ESG) credentials.

Shares of Pantheon Infrastructure (LON:PINT - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 110 ($1.49) and last traded at GBX 109.50 ($1.48), with a volume of 7193091 shares trading hands. The stock had previously closed at GBX 109 ($1.47).

Pantheon Infrastructure Price Performance

The firm has a market capitalization of £513.14 million, a P/E ratio of 712.43 and a beta of 0.10. The stock's 50-day simple moving average is GBX 103.95 and its two-hundred day simple moving average is GBX 100.57.

Insiders Place Their Bets

In other Pantheon Infrastructure news, insider Anthony Bickerstaff purchased 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were bought at an average price of GBX 101 per share, with a total value of £50,500. Also, insider Sapna Shah bought 49,255 shares of Pantheon Infrastructure stock in a transaction dated Monday, July 21st. The stock was purchased at an average cost of GBX 100 per share, for a total transaction of £49,255. 0.09% of the stock is owned by corporate insiders.

About Pantheon Infrastructure

Pantheon Infrastructure Plc aims to provide exposure to a global, diversified portfolio of high-quality, infrastructure assets. We will seek to build a portfolio of co-investments in infrastructure assets with strong defensive characteristics, typically benefitting from contracted cash flows, inflation protection and conservative leverage profiles. Target assets will have strong environmental, social and governance (ESG) credentials, including companies and projects that can support the transition to a low-carbon economy, and the portfolio will span the digital infrastructure, power and utilities, transportation and logistics, renewables and social investments sub-sectors, with a focus on assets benefitting from secular tailwinds.