Hudson Bay Capital Management LP Takes Position in Solaris Energy Infrastructure, Inc. $SEI

Hudson Bay Capital Management LP acquired a new stake in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 3rd quarter, HoldingsChannel reports. The firm acquired 30,134 shares of the company’s stock, valued at approximately $1,204,000.

Several other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at about $477,000. AQR Capital Management LLC bought a new position in Solaris Energy Infrastructure during the first quarter worth $2,475,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Solaris Energy Infrastructure during the first quarter worth $396,000. Goldman Sachs Group Inc. acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $13,714,000. Finally, Strs Ohio acquired a new position in Solaris Energy Infrastructure in the 1st quarter valued at approximately $28,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Solaris Energy Infrastructure Price Performance

Shares of SEI opened at $61.70 on Monday. The company’s 50-day moving average is $53.84 and its 200-day moving average is $48.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87. The firm has a market capitalization of $4.22 billion, a PE ratio of 86.90 and a beta of 1.13. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $70.17.

Solaris Energy Infrastructure (NYSE:SEI) last announced its earnings results on Tuesday, February 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The company had revenue of $179.70 million during the quarter. Solaris Energy Infrastructure had a net margin of 4.81% and a return on equity of 11.83%. Equities analysts forecast that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on SEI. Northland Securities set a $70.00 price target on shares of Solaris Energy Infrastructure in a research report on Monday, January 5th. Wells Fargo & Company assumed coverage on Solaris Energy Infrastructure in a research note on Friday. They issued an “equal weight” rating and a $71.00 price objective on the stock. Barclays lifted their target price on Solaris Energy Infrastructure from $63.00 to $74.00 and gave the company an “overweight” rating in a research note on Tuesday, March 17th. Raymond James Financial reissued an “outperform” rating on shares of Solaris Energy Infrastructure in a research note on Tuesday, January 27th. Finally, UBS Group set a $65.00 target price on Solaris Energy Infrastructure in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Solaris Energy Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $59.36.

Solaris Energy Infrastructure Company Profile

Solaris Energy Infrastructure Fund Inc (NYSE: SEI) is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.