VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in XPLR Infrastructure, LP $XIFR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 57,550 shares of the solar energy provider’s stock, valued at approximately $576,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Anchorage Capital Advisors L.P. purchased a new position in XPLR Infrastructure during the third quarter worth about $33,443,000. ING Groep NV purchased a new position in XPLR Infrastructure during the third quarter worth about $20,340,000. MUFG Securities EMEA plc purchased a new position in XPLR Infrastructure during the second quarter worth about $16,400,000. Aventail Capital Group LP purchased a new position in XPLR Infrastructure during the third quarter worth about $11,751,000. Finally, Prescott Group Capital Management L.L.C. purchased a new position in XPLR Infrastructure during the third quarter worth about $11,096,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

XPLR Infrastructure Trading Up 5.6%

NYSE XIFR opened at $11.70 on Tuesday. The stock has a market cap of $1.10 billion, a P/E ratio of 10.73 and a beta of 0.89. 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 simple moving average of $10.52 and a two-hundred day simple moving average of $10.06. XPLR Infrastructure, LP has a fifty-two week low of $7.99 and a fifty-two week high of $12.61.

XPLR Infrastructure (NYSE:XIFR) last posted 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 return on equity of 0.98% and a net margin of 8.81%.The firm had revenue of $275.00 million during the quarter. During the same period last year, the business posted ($1.05) EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, analysts forecast that XPLR Infrastructure, LP will post -0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XIFR has been the subject of several recent analyst reports. Wall Street Zen cut XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Sunday. Canadian Imperial Bank of Commerce cut their price objective on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Evercore set a $11.00 target price on XPLR Infrastructure in a research note on Monday, May 11th. Mizuho set a $12.00 target price on XPLR Infrastructure in a research note on Wednesday, February 11th. Finally, Barclays boosted their target price on XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, XPLR Infrastructure currently has an average rating of “Hold” and an average price target of $12.43.

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.