Gabelli Funds LLC Grows Stake in XPLR Infrastructure, LP $XIFR

Gabelli Funds LLC grew its stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 552,400 shares of the solar energy provider’s stock after purchasing an additional 51,550 shares during the quarter. Gabelli Funds LLC owned 0.59% of XPLR Infrastructure worth $5,866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Anchorage Capital Advisors L.P. grew its stake in shares of XPLR Infrastructure by 109.8% in the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock valued at $68,993,000 after buying an additional 3,610,961 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in XPLR Infrastructure by 557.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock worth $46,000,000 after acquiring an additional 3,900,000 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in XPLR Infrastructure during the 2nd quarter worth approximately $16,400,000. Aventail Capital Group LP boosted its holdings in XPLR Infrastructure by 39.2% in the 4th quarter. Aventail Capital Group LP now owns 1,608,601 shares of the solar energy provider’s stock worth $16,086,000 after acquiring an additional 453,144 shares during the period. Finally, Prescott Group Capital Management L.L.C. boosted its holdings in XPLR Infrastructure by 22.0% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 1,331,085 shares of the solar energy provider’s stock worth $13,311,000 after acquiring an additional 240,000 shares during the period. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Trading Up 0.6%

Shares of XIFR opened at $12.62 on Tuesday. The company has a market capitalization of $1.19 billion, a P/E ratio of 11.58 and a beta of 0.94. XPLR Infrastructure, LP has a one year low of $8.68 and a one year high of $13.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50-day moving average price of $12.01 and a 200 day moving average price of $10.97.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings data on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The business had revenue of $275.00 million for the quarter. During the same period in the previous year, the business posted ($1.05) EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that XPLR Infrastructure, LP will post -1.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on XIFR shares. Weiss Ratings raised shares of XPLR Infrastructure from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Evercore set a $11.00 target price on shares of XPLR Infrastructure in a research report on Monday, May 11th. Morgan Stanley upped their target price on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday, May 20th. Wall Street Zen raised shares of XPLR Infrastructure from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating and set a $12.00 price target on shares of XPLR Infrastructure in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $12.17.

XPLR Infrastructure 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.