3,288,349 Shares in XPLR Infrastructure, LP $XIFR Bought by Anchorage Capital Advisors L.P.

Anchorage Capital Advisors L.P. acquired a new position in shares of XPLR Infrastructure, LP (NYSE:XIFR) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 3,288,349 shares of the solar energy provider’s stock, valued at approximately $33,443,000. XPLR Infrastructure makes up 28.6% of Anchorage Capital Advisors L.P.’s holdings, making the stock its 2nd biggest position.

A number of other hedge funds have also bought and sold shares of the company. Abundance Wealth Counselors purchased a new position in shares of XPLR Infrastructure during the 3rd quarter worth about $1,112,000. GraniteShares Advisors LLC bought a new position in XPLR Infrastructure during the 3rd quarter valued at about $1,763,000. DekaBank Deutsche Girozentrale purchased a new stake in XPLR Infrastructure in the 3rd quarter worth about $1,299,000. ING Groep NV purchased a new stake in XPLR Infrastructure in the 3rd quarter worth about $20,340,000. Finally, Aberdeen Group plc bought a new stake in XPLR Infrastructure in the third quarter worth about $7,044,000. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

Shares of NYSE:XIFR opened at $10.29 on Friday. The firm has a 50 day moving average of $10.30 and a 200 day moving average of $9.98. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $966.48 million, a price-to-earnings ratio of -33.18 and a beta of 1.01. XPLR Infrastructure, LP has a 52 week low of $7.53 and a 52 week high of $11.43.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share (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 quarterly revenue was down 15.3% compared to the same quarter last year. On average, sell-side analysts predict that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XIFR. Mizuho set a $12.00 target price on XPLR Infrastructure in a research report on Wednesday, February 11th. Barclays increased their price target on XPLR Infrastructure from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, February 12th. Royal Bank Of Canada started coverage on XPLR Infrastructure in a research note on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target for the company. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Finally, Wall Street Zen raised XPLR Infrastructure from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, XPLR Infrastructure presently has an average rating of “Reduce” and an average price target of $12.33.

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.