Nomura Holdings Inc. Purchases New Shares in XPLR Infrastructure, LP $XIFR

Nomura Holdings Inc. purchased a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,725,326 shares of the solar energy provider’s stock, valued at approximately $46,948,000. Nomura Holdings Inc. owned 6.09% of XPLR Infrastructure at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at about $25,000. JPMorgan Chase & Co. acquired a new position in XPLR Infrastructure in the 2nd quarter valued at about $55,000. CANADA LIFE ASSURANCE Co purchased a new stake in XPLR Infrastructure during the 2nd quarter valued at approximately $77,000. MAI Capital Management acquired a new stake in XPLR Infrastructure during the 2nd quarter worth approximately $94,000. Finally, Headlands Technologies LLC purchased a new position in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $111,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XIFR has been the subject of several recent research reports. Barclays decreased their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Morgan Stanley cut their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Finally, CIBC lifted their price objective on XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.45.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $8.85 on Friday. The firm’s fifty day simple moving average is $9.67 and its 200-day simple moving average is $9.51. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. The stock has a market cap of $831.82 million, a PE ratio of -5.24 and a beta of 0.99. XPLR Infrastructure, LP has a fifty-two week low of $7.53 and a fifty-two week high of $19.28.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.30). XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The company had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $331.56 million. XPLR Infrastructure’s quarterly revenue was down 1.3% compared to the same quarter last year. Analysts expect that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

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.