Flax Pond Capital LLC Takes $5.83 Million Position in XPLR Infrastructure, LP $XIFR

Flax Pond Capital LLC bought a new position in XPLR Infrastructure, LP (NYSE:XIFR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 583,084 shares of the solar energy provider’s stock, valued at approximately $5,831,000. XPLR Infrastructure makes up about 4.3% of Flax Pond Capital LLC’s portfolio, making the stock its 3rd biggest holding. Flax Pond Capital LLC owned about 0.62% of XPLR Infrastructure at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its holdings in XPLR Infrastructure by 147.4% during the fourth quarter. Corient Private Wealth LLC now owns 45,708 shares of the solar energy provider’s stock valued at $457,000 after purchasing an additional 27,233 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of XPLR Infrastructure by 169.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 51,989 shares of the solar energy provider’s stock valued at $506,000 after purchasing an additional 32,716 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of XPLR Infrastructure during the 4th quarter valued at $3,012,000. Empowered Funds LLC raised its position in shares of XPLR Infrastructure by 56.6% during the 4th quarter. Empowered Funds LLC now owns 194,190 shares of the solar energy provider’s stock valued at $1,942,000 after purchasing an additional 70,206 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of XPLR Infrastructure by 65.4% during the 4th quarter. XTX Topco Ltd now owns 149,368 shares of the solar energy provider’s stock valued at $1,494,000 after buying an additional 59,074 shares in the last quarter. 66.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the stock an “underweight” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded XPLR Infrastructure from a “sell (d)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Canadian Imperial Bank of Commerce dropped their price objective on XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Finally, Evercore set a $11.00 target price on XPLR Infrastructure in a research report on Monday, May 11th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.57.

XPLR Infrastructure Price Performance

XIFR stock opened at $11.84 on Friday. XPLR Infrastructure, LP has a one year low of $7.99 and a one year high of $13.25. The company’s fifty day moving average price is $11.22 and its 200-day moving average price is $10.46. 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 company has a market capitalization of $1.12 billion, a PE ratio of 10.86 and a beta of 0.95.

XPLR Infrastructure (NYSE:XIFR) last posted its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.72). The company had revenue of $275.00 million for the quarter. XPLR Infrastructure had a net margin of 8.81% and a return on equity of 0.98%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned ($1.05) earnings per share. On average, equities analysts anticipate that XPLR Infrastructure, LP will post -1.34 EPS 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.