Y Intercept Hong Kong Ltd Invests $1.75 Million in XPLR Infrastructure, LP $XIFR

Y Intercept Hong Kong Ltd acquired a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 172,470 shares of the solar energy provider’s stock, valued at approximately $1,754,000. Y Intercept Hong Kong Ltd owned approximately 0.18% of XPLR Infrastructure as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XIFR. Ensign Peak Advisors Inc acquired a new stake in shares of XPLR Infrastructure in the 2nd quarter worth $256,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at about $256,000. Swiss National Bank acquired a new stake in XPLR Infrastructure during the second quarter worth about $1,465,000. JPMorgan Chase & Co. purchased a new position in XPLR Infrastructure during the second quarter worth about $55,000. Finally, MAI Capital Management purchased a new position in XPLR Infrastructure during the second quarter worth about $94,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley cut their price target on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Barclays cut their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada started coverage on XPLR Infrastructure in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $14.00 price target on the stock. CIBC increased their price target on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $12.25.

XPLR Infrastructure Stock Down 1.8%

Shares of XIFR opened at $9.87 on Friday. The company’s 50-day simple moving average is $9.63 and its 200-day simple moving average is $9.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.69 and a current ratio of 0.75. XPLR Infrastructure, LP has a 1 year low of $7.53 and a 1 year high of $11.43. The stock has a market capitalization of $926.97 million, a PE ratio of -5.84 and a beta of 0.97.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, November 4th. The solar energy provider reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.30). XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The business had revenue of $315.00 million for the quarter, compared to analysts’ expectations of $331.56 million. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts forecast that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

About XPLR Infrastructure

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.