Renaissance Technologies LLC Sells 385,700 Shares of XPLR Infrastructure, LP $XIFR

Renaissance Technologies LLC reduced its stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 56.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 297,000 shares of the solar energy provider’s stock after selling 385,700 shares during the quarter. Renaissance Technologies LLC’s holdings in XPLR Infrastructure were worth $3,154,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. US Bancorp DE bought a new stake in shares of XPLR Infrastructure in the 3rd quarter valued at about $28,000. Huntington National Bank grew its position in XPLR Infrastructure by 715.6% during the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after acquiring an additional 2,698 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in XPLR Infrastructure in the 2nd quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co purchased a new position in XPLR Infrastructure in the 2nd quarter worth approximately $77,000. Finally, SG Americas Securities LLC bought a new stake in XPLR Infrastructure in the fourth quarter valued at approximately $106,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $11.49 on Friday. The stock has a market cap of $1.08 billion, a P/E ratio of 17.67 and a beta of 0.94. The firm’s fifty day simple moving average is $12.00 and its 200 day simple moving average is $11.05. XPLR Infrastructure, LP has a twelve month low of $8.68 and a twelve month high of $13.25. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 0.56.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Tuesday, July 28th. The solar energy provider reported $0.40 EPS for the quarter, topping the consensus estimate of ($0.50) by $0.90. XPLR Infrastructure had a net margin of 5.24% and a return on equity of 0.61%. The business had revenue of $363.00 million during the quarter. During the same quarter last year, the company posted $0.84 earnings per share. As a group, research analysts predict that XPLR Infrastructure, LP will post -1.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings raised XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a research note on Monday, May 11th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating and set a $12.00 price target on shares of XPLR Infrastructure in a report on Friday, July 17th. Morgan Stanley increased their price target on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Wednesday, May 20th. Finally, Mizuho boosted their price objective on shares of XPLR Infrastructure from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $12.33.

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.