Anchorage Capital Advisors L.P. Buys New Position in XPLR Infrastructure, LP $XIFR

Key Points

• Anchorage Capital Advisors bought 3,288,349 shares of XPLR (~$33.44M) in Q3, making the holding XPLR's second-largest position and equal to about 3.50% of the company.
• XPLR beat EPS expectations ($0.30 vs. -$0.57) but revenue fell 15.3%; the stock opened at $10.29, has a market cap of about $966.5M, a 12‑month range of $7.53–$11.43, and a negative P/E of -33.18.
• Analyst sentiment is mixed—MarketBeat shows an average rating of "Reduce" with a $12.33 average price target, while individual price targets and ratings vary from underweight/sell to outperform/buy.

Anchorage Capital Advisors L.P. bought a new stake in shares of XPLR Infrastructure, LP (NYSE:XIFR - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,288,349 shares of the solar energy provider's stock, valued at approximately $33,443,000. XPLR Infrastructure comprises approximately 28.6% of Anchorage Capital Advisors L.P.'s holdings, making the stock its 2nd largest position. Anchorage Capital Advisors L.P. owned about 3.50% of XPLR Infrastructure at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XIFR. Algert Global LLC boosted its stake in shares of XPLR Infrastructure by 211.9% during the 3rd quarter. Algert Global LLC now owns 440,295 shares of the solar energy provider's stock worth $4,478,000 after acquiring an additional 299,119 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of XPLR Infrastructure in the 3rd quarter worth $266,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in XPLR Infrastructure in the 3rd quarter worth $464,000. Two Sigma Investments LP raised its holdings in XPLR Infrastructure by 106.0% in the 3rd quarter. Two Sigma Investments LP now owns 646,663 shares of the solar energy provider's stock worth $6,577,000 after purchasing an additional 332,762 shares during the period. Finally, Squarepoint Ops LLC lifted its position in XPLR Infrastructure by 437.4% during the third quarter. Squarepoint Ops LLC now owns 68,727 shares of the solar energy provider's stock valued at $699,000 after purchasing an additional 89,099 shares in the last quarter. 66.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XIFR. Mizuho set a $12.00 price target on XPLR Infrastructure in a report on Wednesday, February 11th. Evercore reaffirmed a "hold" rating and issued a $10.80 price objective on shares of XPLR Infrastructure in a research note on Thursday, March 5th. Royal Bank Of Canada started coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They set an "outperform" rating and a $14.00 price objective on the stock. Barclays boosted their price objective on XPLR Infrastructure from $10.00 to $12.00 and gave the company an "underweight" rating in a research note on Thursday, February 12th. Finally, Morgan Stanley decreased their target price on shares of XPLR Infrastructure from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $12.33.

XPLR Infrastructure Stock Down 3.2%

Shares of NYSE XIFR opened at $10.29 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. XPLR Infrastructure, LP has a 12-month low of $7.53 and a 12-month high of $11.43. The firm's 50-day moving average price is $10.30 and its 200-day moving average price is $9.98. The stock has a market capitalization of $966.48 million, a price-to-earnings ratio of -33.18 and a beta of 1.01.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 EPS for the quarter, topping 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%.XPLR Infrastructure's revenue was down 15.3% on a year-over-year basis. On average, equities research analysts anticipate that XPLR Infrastructure, LP will post 2.33 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.

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