Eschler Asset Management LLP Takes $866,000 Position in Solaris Energy Infrastructure, Inc. $SEI

Eschler Asset Management LLP bought a new stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,599 shares of the company’s stock, valued at approximately $866,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEI. Vanguard Group Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the 1st quarter worth about $35,060,000. Russell Investments Group Ltd. purchased a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $1,695,000. Deutsche Bank AG bought a new position in Solaris Energy Infrastructure in the first quarter worth about $1,597,000. AE Wealth Management LLC raised its stake in Solaris Energy Infrastructure by 39.7% in the second quarter. AE Wealth Management LLC now owns 120,112 shares of the company’s stock worth $3,398,000 after buying an additional 34,164 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Solaris Energy Infrastructure in the first quarter worth about $523,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

SEI has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday. Citigroup lifted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Zacks Research cut Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Piper Sandler increased their price objective on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Finally, Morgan Stanley initiated coverage on shares of Solaris Energy Infrastructure in a report on Tuesday, December 2nd. They set an “overweight” rating and a $68.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $52.80.

Insider Buying and Selling

In related news, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total transaction of $106,056,367.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Stock Down 15.2%

SEI stock opened at $45.87 on Friday. The business has a 50 day moving average of $49.57 and a 200 day moving average of $37.37. The firm has a market cap of $3.14 billion, a PE ratio of 48.80 and a beta of 1.14. Solaris Energy Infrastructure, Inc. has a twelve month low of $14.27 and a twelve month high of $57.17. The company has a quick ratio of 2.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.69.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Monday, November 3rd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%.The firm had revenue of $166.84 million for the quarter, compared to analysts’ expectations of $142.82 million. On average, research analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.