Swiss National Bank Buys Shares of 178,600 XPLR Infrastructure, LP $XIFR

Swiss National Bank purchased a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) in the second quarter, HoldingsChannel.com reports. The fund purchased 178,600 shares of the solar energy provider’s stock, valued at approximately $1,465,000.

Separately, Dynamic Technology Lab Private Ltd acquired a new position in XPLR Infrastructure during the second quarter valued at approximately $256,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Price Performance

XPLR Infrastructure stock opened at $8.93 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $839.43 million, a PE ratio of -5.29 and a beta of 0.99. XPLR Infrastructure, LP has a 12 month low of $7.53 and a 12 month high of $19.28. The stock has a 50-day moving average price of $9.84 and a two-hundred day moving average price of $9.51.

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

Analyst Ratings Changes

XIFR has been the topic of a number of research analyst reports. Barclays reduced their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. Wall Street Zen downgraded XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. CIBC increased their target price on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Finally, Morgan Stanley decreased their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $13.45.

XPLR Infrastructure Company 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.