583,084 Shares in XPLR Infrastructure, LP $XIFR Purchased by Flax Pond Capital LLC

Flax Pond Capital LLC purchased a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 583,084 shares of the solar energy provider’s stock, valued at approximately $5,831,000. XPLR Infrastructure comprises approximately 4.3% of Flax Pond Capital LLC’s holdings, making the stock its 3rd largest position.

Several other institutional investors have also added to or reduced their stakes in the company. 180 Wealth Advisors LLC increased its stake in XPLR Infrastructure by 3.2% in the 4th quarter. 180 Wealth Advisors LLC now owns 32,861 shares of the solar energy provider’s stock worth $329,000 after acquiring an additional 1,014 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of XPLR Infrastructure by 7.7% in the fourth quarter. Stifel Financial Corp now owns 22,786 shares of the solar energy provider’s stock valued at $228,000 after purchasing an additional 1,637 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of XPLR Infrastructure by 8.4% in the fourth quarter. Deutsche Bank AG now owns 27,521 shares of the solar energy provider’s stock valued at $275,000 after purchasing an additional 2,125 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of XPLR Infrastructure by 14.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 19,500 shares of the solar energy provider’s stock valued at $195,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Huntington National Bank increased its position in XPLR Infrastructure by 715.6% in the fourth quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after purchasing an additional 2,698 shares during the last quarter. Hedge funds and other institutional investors own 66.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XIFR shares. Morgan Stanley upped their price target on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. Weiss Ratings raised shares of XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a report on Monday, May 11th. Wall Street Zen upgraded shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Canadian Imperial Bank of Commerce lowered their price target on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.57.

XPLR Infrastructure Price Performance

Shares of XPLR Infrastructure stock opened at $11.84 on Friday. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 10.86 and a beta of 0.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50 day moving average price of $11.22 and a 200-day moving average price of $10.46. XPLR Infrastructure, LP has a one year low of $7.99 and a one year high of $13.25.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.72). The company had revenue of $275.00 million for the quarter. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.05) EPS. Equities analysts expect that XPLR Infrastructure, LP will post -1.34 EPS for the current year.

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.