488,858 Shares in XPLR Infrastructure, LP $XIFR Acquired by Gabelli Funds LLC

Gabelli Funds LLC acquired a new stake in XPLR Infrastructure, LP (NYSE:XIFR) during the 2nd quarter, HoldingsChannel reports. The firm acquired 488,858 shares of the solar energy provider’s stock, valued at approximately $4,009,000.

A number of other large investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in shares of XPLR Infrastructure in the second quarter valued at $25,000. JPMorgan Chase & Co. purchased a new stake in XPLR Infrastructure in the 2nd quarter worth about $55,000. MAI Capital Management purchased a new stake in XPLR Infrastructure in the 2nd quarter worth about $94,000. Prudential Financial Inc. bought a new stake in XPLR Infrastructure in the 2nd quarter valued at about $119,000. Finally, Invesco Ltd. purchased a new stake in XPLR Infrastructure during the second quarter valued at about $244,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Morgan Stanley cut their price objective on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. CIBC boosted their target price 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. Wall Street Zen downgraded XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Barclays cut their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $13.45.

XPLR Infrastructure Price Performance

Shares of NYSE:XIFR opened at $9.00 on Thursday. The company has a 50 day moving average of $9.75 and a 200 day moving average of $9.51. 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 stock has a market cap of $845.35 million, a P/E ratio of -5.32 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.

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

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.