Endure Capital Management LLC Purchases Shares of 1,135,043 XPLR Infrastructure, LP $XIFR

Endure Capital Management LLC purchased a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) during the 1st quarter, HoldingsChannel reports. The fund purchased 1,135,043 shares of the solar energy provider’s stock, valued at approximately $12,054,000. XPLR Infrastructure accounts for 8.3% of Endure Capital Management LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of XIFR. Anchorage Capital Advisors L.P. lifted its holdings 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 during the period. Adage Capital Partners GP L.L.C. grew its holdings in XPLR Infrastructure by 557.1% during the fourth 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 during the period. MUFG Securities EMEA plc acquired a new position in XPLR Infrastructure during the second quarter worth about $16,400,000. Aventail Capital Group LP raised its position in XPLR Infrastructure by 39.2% in the fourth 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 in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its position in XPLR Infrastructure by 22.0% in the fourth 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 in the last quarter. Institutional investors own 66.01% of the company’s stock.

Wall Street Analyst Weigh In

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

XPLR Infrastructure Trading Up 0.4%

NYSE XIFR opened at $12.56 on Friday. The firm’s 50 day moving average price is $11.99 and its two-hundred day moving average price is $10.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 1.02. XPLR Infrastructure, LP has a twelve month low of $8.68 and a twelve month high of $13.25. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 11.53 and a beta of 0.94.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The business had revenue of $275.00 million during the quarter. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.05) EPS. Equities analysts anticipate that XPLR Infrastructure, LP will post -1.41 EPS for the current 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.