Solaris Energy Infrastructure (NYSE:SEI) Major Shareholder Sells $106,056,367.45 in Stock

Solaris Energy Infrastructure, Inc. (NYSE:SEI) major shareholder Ktr Management Company, Llc sold 2,114,783 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $50.15, for a total transaction of $106,056,367.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Solaris Energy Infrastructure Stock Down 5.1%

SEI stock opened at $50.75 on Friday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 53.99 and a beta of 1.12. Solaris Energy Infrastructure, Inc. has a twelve month low of $14.27 and a twelve month high of $57.17. The business has a 50 day moving average price of $42.55 and a two-hundred day moving average price of $32.90. The company has a quick ratio of 2.98, a current ratio of 3.11 and a debt-to-equity ratio of 0.76.

Solaris Energy Infrastructure (NYSE:SEI) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $166.84 million for the quarter, compared to analysts’ expectations of $142.82 million. Solaris Energy Infrastructure had a return on equity of 9.89% and a net margin of 7.02%. Analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Solaris Energy Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the company. CenterBook Partners LP lifted its holdings in Solaris Energy Infrastructure by 513.1% during the 3rd quarter. CenterBook Partners LP now owns 415,453 shares of the company’s stock worth $16,606,000 after purchasing an additional 347,693 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Solaris Energy Infrastructure during the third quarter worth $373,000. Vanguard Group Inc. boosted its position in shares of Solaris Energy Infrastructure by 9.2% in the third quarter. Vanguard Group Inc. now owns 2,664,870 shares of the company’s stock valued at $106,515,000 after acquiring an additional 224,021 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Solaris Energy Infrastructure by 26.3% in the third quarter. PNC Financial Services Group Inc. now owns 11,345 shares of the company’s stock valued at $453,000 after acquiring an additional 2,359 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Solaris Energy Infrastructure during the third quarter worth about $3,678,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SEI. Zacks Research upgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Raymond James Financial reiterated an “outperform” rating and issued a $38.00 target price (down from $39.00) on shares of Solaris Energy Infrastructure in a research note on Wednesday, July 23rd. Citigroup lifted their price target on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Solaris Energy Infrastructure in a research note on Wednesday. Finally, Barclays lifted their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $49.44.

About Solaris Energy Infrastructure

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.