AlphaQuest LLC Takes $823,000 Position in XPLR Infrastructure, LP $XIFR

AlphaQuest LLC acquired a new stake in XPLR Infrastructure, LP (NYSE:XIFR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 80,943 shares of the solar energy provider’s stock, valued at approximately $823,000.

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

XPLR Infrastructure Price Performance

Shares of XPLR Infrastructure stock opened at $9.89 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.75 and a quick ratio of 0.69. The company has a market cap of $928.89 million, a PE ratio of -5.85 and a beta of 1.02. The firm has a fifty day moving average price of $9.66 and a two-hundred day moving average price of $9.81. XPLR Infrastructure, LP has a fifty-two week low of $7.53 and a fifty-two week high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last announced its quarterly earnings data 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 company had revenue of $315.00 million for the quarter, compared to analyst estimates of $331.56 million. The firm’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 Upgrades and Downgrades

A number of analysts have recently weighed in on XIFR shares. Wall Street Zen cut shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Royal Bank Of Canada initiated coverage on shares of XPLR Infrastructure in a report on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 target price on the stock. CIBC upped their price target 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. Barclays lowered their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Thursday, November 6th. Finally, Morgan Stanley cut their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, XPLR Infrastructure currently has an average rating of “Reduce” and an average price target of $12.25.

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.