Traders Purchase Large Volume of Put Options on XPLR Infrastructure (NYSE:XIFR)

XPLR Infrastructure, LP (NYSE:XIFR) was the recipient of unusually large options trading on Wednesday. Stock traders bought 30,000 put options on the company. This is an increase of 1,584% compared to the typical daily volume of 1,781 put options.

XPLR Infrastructure Stock Down 2.0%

Shares of XIFR stock traded down $0.21 during mid-day trading on Wednesday, hitting $10.47. The company’s stock had a trading volume of 83,246 shares, compared to its average volume of 1,428,897. The stock has a market cap of $983.87 million, a price-to-earnings ratio of -33.77 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.84 and a current ratio of 0.91. XPLR Infrastructure has a 52-week low of $7.53 and a 52-week high of $11.43. The business has a 50-day moving average price of $10.29 and a 200 day moving average price of $9.98.

XPLR Infrastructure (NYSE:XIFR) last released its quarterly earnings data on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, beating the consensus estimate of ($0.57) by $0.87. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The company’s revenue was down 15.3% compared to the same quarter last year. Research analysts predict that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XIFR shares. Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday. Morgan Stanley cut their price objective on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 2nd. Royal Bank Of Canada assumed coverage on shares of XPLR Infrastructure in a research note on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price objective for the company. Mizuho set a $12.00 target price on shares of XPLR Infrastructure in a research note on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, XPLR Infrastructure has a consensus rating of “Reduce” and a consensus price target of $12.33.

Institutional Trading of XPLR Infrastructure

A number of institutional investors have recently made changes to their positions in XIFR. Nomura Holdings Inc. bought a new stake in shares of XPLR Infrastructure in the second quarter worth approximately $46,948,000. Apollo Management Holdings L.P. bought a new position in XPLR Infrastructure during the second quarter valued at approximately $40,853,000. Adage Capital Partners GP L.L.C. lifted its position in XPLR Infrastructure by 557.1% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,600,000 shares of the solar energy provider’s stock valued at $46,000,000 after purchasing an additional 3,900,000 shares during the period. Anchorage Capital Advisors L.P. boosted its holdings in XPLR Infrastructure by 109.8% in the fourth quarter. Anchorage Capital Advisors L.P. now owns 6,899,310 shares of the solar energy provider’s stock worth $68,993,000 after purchasing an additional 3,610,961 shares during the last quarter. Finally, ING Groep NV purchased a new stake in XPLR Infrastructure in the third quarter worth approximately $20,340,000. Hedge funds and other institutional investors own 66.01% of the company’s stock.

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.