XPLR Infrastructure, LP $XIFR Shares Bought by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. grew its stake in shares of XPLR Infrastructure, LP (NYSE:XIFR) by 22.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,331,085 shares of the solar energy provider’s stock after acquiring an additional 240,000 shares during the quarter. XPLR Infrastructure comprises about 1.2% of Prescott Group Capital Management L.L.C.’s holdings, making the stock its 12th largest position. Prescott Group Capital Management L.L.C. owned 1.42% of XPLR Infrastructure worth $13,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of XIFR. Anchorage Capital Advisors L.P. acquired a new position in shares of XPLR Infrastructure during the 3rd quarter valued at about $33,443,000. ING Groep NV acquired a new position in shares of XPLR Infrastructure during the 3rd quarter valued at about $20,340,000. MUFG Securities EMEA plc acquired a new position in shares of XPLR Infrastructure during the 2nd quarter valued at about $16,400,000. Aventail Capital Group LP acquired a new position in shares of XPLR Infrastructure during the 3rd quarter valued at about $11,751,000. Finally, Cbre Investment Management Listed Real Assets LLC acquired a new position in shares of XPLR Infrastructure during the 3rd quarter valued at about $8,084,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XIFR. Morgan Stanley upped their price objective on shares of XPLR Infrastructure from $11.00 to $12.00 and gave the company an “underweight” rating in a research note on Wednesday. Mizuho set a $12.00 price objective on shares of XPLR Infrastructure in a research note on Wednesday, February 11th. Evercore set a $11.00 price objective on shares of XPLR Infrastructure in a research note on Monday, May 11th. Barclays upped their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of XPLR Infrastructure from $11.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.57.

XPLR Infrastructure Stock Performance

XPLR Infrastructure stock opened at $11.29 on Thursday. The stock has a market cap of $1.06 billion, a P/E ratio of 10.36 and a beta of 0.89. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $10.57 and a 200-day moving average of $10.08. XPLR Infrastructure, LP has a 52 week low of $7.99 and a 52 week high of $12.61.

XPLR Infrastructure (NYSE:XIFR) last released its earnings results on Thursday, May 7th. The solar energy provider reported $0.35 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.72). The business 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 company’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted ($1.05) EPS. On average, analysts expect that XPLR Infrastructure, LP will post -0.67 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.