167,515 Shares in XPLR Infrastructure, LP $XIFR Bought by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) during the second quarter, Holdings Channel reports. The fund purchased 167,515 shares of the solar energy provider’s stock, valued at approximately $1,374,000.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in XPLR Infrastructure in the second quarter valued at approximately $25,000. Prudential Financial Inc. bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at $119,000. American Century Companies Inc. acquired a new position in shares of XPLR Infrastructure during the 2nd quarter valued at $3,004,000. Legal & General Group Plc acquired a new position in shares of XPLR Infrastructure during the 2nd quarter valued at $830,000. Finally, MAI Capital Management bought a new position in XPLR Infrastructure during the second quarter worth $94,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

XPLR Infrastructure Stock Performance

Shares of XIFR stock opened at $8.93 on Monday. The firm has a 50-day moving average of $9.84 and a 200-day moving average of $9.51. The company has a market cap of $839.43 million, a P/E ratio of -5.29 and a beta of 0.99. 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 one year low of $7.53 and a one year high of $19.28.

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

Analysts Set New Price Targets

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

About XPLR Infrastructure

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.