Counterpoint Mutual Funds LLC Buys New Holdings in XPLR Infrastructure, LP $XIFR

Counterpoint Mutual Funds LLC purchased a new position in XPLR Infrastructure, LP (NYSE:XIFR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 309,558 shares of the solar energy provider’s stock, valued at approximately $3,148,000. XPLR Infrastructure makes up about 0.2% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 14th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Ensign Peak Advisors Inc bought a new stake in shares of XPLR Infrastructure during the second quarter valued at approximately $256,000. Dynamic Technology Lab Private Ltd purchased a new position in XPLR Infrastructure during the second quarter valued at $256,000. Swiss National Bank bought a new stake in XPLR Infrastructure in the 2nd quarter valued at $1,465,000. JPMorgan Chase & Co. purchased a new stake in XPLR Infrastructure in the 2nd quarter worth $55,000. Finally, MAI Capital Management purchased a new stake in XPLR Infrastructure in the 2nd quarter worth $94,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

XPLR Infrastructure Trading Up 0.4%

XIFR opened at $10.67 on Tuesday. The stock has a 50-day moving average of $10.07 and a 200 day moving average of $9.93. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. XPLR Infrastructure, LP has a 12 month low of $7.53 and a 12 month high of $11.43. The firm has a market cap of $1.00 billion, a P/E ratio of -34.40 and a beta of 1.02.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. As a group, research analysts forecast that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Royal Bank Of Canada initiated coverage on XPLR Infrastructure in a research note on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target for the company. Mizuho set a $12.00 price target on XPLR Infrastructure in a report on Wednesday, February 11th. Barclays lifted their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a research note on Thursday, February 12th. Finally, Morgan Stanley lowered their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.58.

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.