Ardsley Advisory Partners LP Trims Position in XPLR Infrastructure, LP $XIFR

Ardsley Advisory Partners LP lessened its stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 48.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 450,000 shares of the solar energy provider’s stock after selling 430,000 shares during the quarter. Ardsley Advisory Partners LP’s holdings in XPLR Infrastructure were worth $4,500,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of XIFR. US Bancorp DE bought a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at about $28,000. Huntington National Bank lifted its position in XPLR Infrastructure by 715.6% in the 4th quarter. Huntington National Bank now owns 3,075 shares of the solar energy provider’s stock worth $31,000 after buying an additional 2,698 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure in the second quarter valued at approximately $55,000. CANADA LIFE ASSURANCE Co bought a new stake in XPLR Infrastructure in the second quarter valued at approximately $77,000. Finally, SG Americas Securities LLC bought a new stake in XPLR Infrastructure in the fourth quarter valued at approximately $106,000. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Down 0.5%

XIFR stock 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 business’s 50-day moving average is $11.16 and its two-hundred day moving average is $10.43. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 10.68 and a beta of 0.95. XPLR Infrastructure, LP has a fifty-two week low of $7.99 and a fifty-two week high of $13.25.

XPLR Infrastructure (NYSE:XIFR) last issued its quarterly earnings results on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.72). The company had revenue of $275.00 million during the quarter. XPLR Infrastructure had a return on equity of 0.98% and a net margin of 8.81%.The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted ($1.05) EPS. As a group, analysts forecast that XPLR Infrastructure, LP will post -1.34 earnings per share for the current year.

Analysts Set New Price Targets

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

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.