Solaris Energy Infrastructure, Inc. $SEI Shares Sold by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management trimmed its holdings by 23.2% in Q4, selling 31,066 shares and ending with 102,651 shares (~$4.72M, 0.15% of SEI); institutional investors own 67.44% of the stock and SG Americas notably increased its stake to 206,130 shares (~$9.48M).
• Analysts maintain a consensus rating of Moderate Buy with an average price target of $59.36, while notable firm targets include Northland $70, UBS $65 and Citi $61, and the majority of analysts rate the stock Buy.
• SEI traded around $62.44 (50/200-day MAs $54.90/$51.10), has a market cap of $4.27B and a P/E of 87.94, and recently reported an EPS beat of $0.35 vs. $0.24 on $179.7M in revenue.

Ritholtz Wealth Management trimmed its holdings in Solaris Energy Infrastructure, Inc. (NYSE:SEI - Free Report) by 23.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,651 shares of the company's stock after selling 31,066 shares during the period. Ritholtz Wealth Management owned 0.15% of Solaris Energy Infrastructure worth $4,719,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in Solaris Energy Infrastructure by 344.9% in the 4th quarter. Signaturefd LLC now owns 614 shares of the company's stock worth $28,000 after buying an additional 476 shares during the last quarter. Ascent Group LLC acquired a new stake in Solaris Energy Infrastructure in the 4th quarter worth about $203,000. SG Americas Securities LLC boosted its stake in Solaris Energy Infrastructure by 1,441.9% in the 4th quarter. SG Americas Securities LLC now owns 206,130 shares of the company's stock worth $9,476,000 after buying an additional 192,761 shares during the last quarter. Farmers Trust Co. boosted its stake in Solaris Energy Infrastructure by 3.2% in the 4th quarter. Farmers Trust Co. now owns 6,450 shares of the company's stock worth $297,000 after buying an additional 200 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in Solaris Energy Infrastructure in the 3rd quarter worth about $1,204,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group set a $65.00 price objective on Solaris Energy Infrastructure in a report on Tuesday, January 27th. Northland Securities set a $70.00 price objective on Solaris Energy Infrastructure in a report on Monday, January 5th. Citigroup cut their price objective on Solaris Energy Infrastructure from $62.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, March 10th. Zacks Research upgraded Solaris Energy Infrastructure from a "strong sell" rating to a "hold" rating in a report on Thursday, March 12th. Finally, Weiss Ratings downgraded Solaris Energy Infrastructure from a "buy (b-)" rating to a "hold (c)" rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Solaris Energy Infrastructure has a consensus rating of "Moderate Buy" and an average price target of $59.36.

Solaris Energy Infrastructure Stock Performance

Solaris Energy Infrastructure stock opened at $62.44 on Friday. The stock's 50-day moving average is $54.90 and its 200-day moving average is $51.10. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 87.94 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.96 and a quick ratio of 2.87. Solaris Energy Infrastructure, Inc. has a 12 month low of $16.05 and a 12 month high of $70.17.

Solaris Energy Infrastructure (NYSE:SEI - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The company had revenue of $179.70 million for the quarter. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%. Equities analysts anticipate that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current year.

Solaris Energy Infrastructure Profile

Solaris Energy Infrastructure Fund Inc NYSE: SEI is a closed-end management investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund pursues its objective by investing primarily in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and other midstream entities. SEI is externally managed by Solaris Asset Management LP, a firm specializing in energy infrastructure investments.

The fund’s portfolio targets businesses involved in the gathering, processing, transportation, storage and terminalling of oil, natural gas and refined products.

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