172,470 Shares in XPLR Infrastructure, LP $XIFR Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) in the 3rd quarter, Holdings Channel reports. The firm purchased 172,470 shares of the solar energy provider’s stock, valued at approximately $1,754,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of XPLR Infrastructure during the second quarter worth $25,000. Future Financial Wealth Managment LLC purchased a new stake in XPLR Infrastructure during the 3rd quarter worth about $55,000. JPMorgan Chase & Co. acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth about $55,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of XPLR Infrastructure in the 3rd quarter valued at about $80,000. Finally, CANADA LIFE ASSURANCE Co purchased a new position in shares of XPLR Infrastructure in the 2nd quarter valued at about $77,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Stock Down 1.8%

XIFR stock opened at $9.87 on Friday. The company has a market cap of $926.97 million, a price-to-earnings ratio of -5.84 and a beta of 0.97. The company has a fifty day moving average price of $9.63 and a 200 day moving average price of $9.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.69. XPLR Infrastructure, LP has a 12 month low of $7.53 and a 12 month high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). XPLR Infrastructure had a negative net margin of 12.73% and a positive return on equity of 2.01%. The business had revenue of $315.00 million during the quarter, compared to analysts’ expectations of $331.56 million. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts expect that XPLR Infrastructure, LP will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Wall Street Zen cut shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Morgan Stanley cut their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 2nd. Royal Bank Of Canada began coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price objective for the company. Finally, Barclays dropped their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $12.25.

XPLR Infrastructure Profile

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.