Anchorage Capital Advisors L.P. Increases Stock Holdings in XPLR Infrastructure, LP $XIFR

Anchorage Capital Advisors L.P. raised its holdings in XPLR Infrastructure, LP (NYSE:XIFR) by 109.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,899,310 shares of the solar energy provider’s stock after acquiring an additional 3,610,961 shares during the quarter. XPLR Infrastructure makes up 8.5% of Anchorage Capital Advisors L.P.’s holdings, making the stock its largest holding. Anchorage Capital Advisors L.P. owned about 0.07% of XPLR Infrastructure worth $68,993,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of XIFR. Adage Capital Partners GP L.L.C. grew its position in XPLR Infrastructure by 557.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock valued at $46,000,000 after acquiring an additional 3,900,000 shares during the last quarter. MUFG Securities EMEA plc bought a new position in XPLR Infrastructure in the 2nd quarter valued at $16,400,000. Aventail Capital Group LP bought a new position in XPLR Infrastructure in the 3rd quarter valued at $11,751,000. Cbre Investment Management Listed Real Assets LLC bought a new position in XPLR Infrastructure in the 3rd quarter valued at $8,084,000. Finally, Aberdeen Group plc bought a new position in XPLR Infrastructure in the 3rd quarter valued at $7,044,000. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Price Performance

NYSE XIFR opened at $11.64 on Thursday. 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 firm’s 50 day moving average price is $11.16 and its 200-day moving average price is $10.43. XPLR Infrastructure, LP has a 52-week low of $7.99 and a 52-week high of $13.25. The company has a market cap of $1.10 billion, a PE ratio of 10.68 and a beta of 0.95.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data 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). 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 quarter in the previous year, the company posted ($1.05) EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. Sell-side analysts forecast that XPLR Infrastructure, LP will post -1.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Weiss Ratings raised XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Canadian Imperial Bank of Commerce dropped their price objective on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Evercore set a $11.00 price objective on XPLR Infrastructure in a research note on Monday, May 11th. Finally, Morgan Stanley increased their price objective on XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.57.

XPLR Infrastructure Company 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.