Tudor Investment Corp ET AL Buys 259,616 Shares of XPLR Infrastructure, LP $XIFR

Key Points

• Tudor Investment Corp boosted its position in XPLR Infrastructure by 303.8% in Q3, buying 259,616 shares to hold 345,070 shares (about 0.37% of the company) worth $3.51 million.
• Other institutions also initiated or increased stakes—most notably Anchorage Capital Advisors (~$33.44M), Aberdeen (~$7.04M) and several others—leaving institutional ownership at roughly 66.01%.
• Analyst sentiment is mixed with a consensus rating of "Reduce" and a $12.47 price target; XIFR recently beat EPS estimates ($0.30 vs. -$0.57) but reported revenue down 15.3% year-over-year and a negative net margin.

Tudor Investment Corp ET AL increased its stake in XPLR Infrastructure, LP (NYSE:XIFR - Free Report) by 303.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 345,070 shares of the solar energy provider's stock after purchasing an additional 259,616 shares during the period. Tudor Investment Corp ET AL owned approximately 0.37% of XPLR Infrastructure worth $3,509,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Abundance Wealth Counselors bought a new position in shares of XPLR Infrastructure in the third quarter worth $1,112,000. GraniteShares Advisors LLC bought a new position in XPLR Infrastructure in the third quarter valued at about $1,763,000. DekaBank Deutsche Girozentrale bought a new position in XPLR Infrastructure in the third quarter valued at about $1,299,000. Anchorage Capital Advisors L.P. bought a new position in XPLR Infrastructure in the third quarter valued at about $33,443,000. Finally, Aberdeen Group plc bought a new position in XPLR Infrastructure in the third quarter valued at about $7,044,000. Institutional investors own 66.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wall Street Zen upgraded XPLR Infrastructure from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a "sell (d)" rating on shares of XPLR Infrastructure in a research report on Wednesday, January 21st. Royal Bank Of Canada assumed coverage on XPLR Infrastructure in a research report on Tuesday, January 6th. They issued an "outperform" rating and a $14.00 target price on the stock. Mizuho set a $12.00 target price on XPLR Infrastructure in a research report on Wednesday, February 11th. Finally, Barclays lifted their target price on XPLR Infrastructure from $10.00 to $12.00 and gave the company an "underweight" rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $12.47.

XPLR Infrastructure Stock Performance

NYSE:XIFR opened at $10.25 on Friday. The stock has a market cap of $966.05 million, a P/E ratio of -33.05 and a beta of 0.97. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average is $10.39 and its 200-day moving average is $10.01. XPLR Infrastructure, LP has a 1-year low of $7.92 and a 1-year high of $11.43.

XPLR Infrastructure (NYSE:XIFR - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The solar energy provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of ($0.57) by $0.87. The company had revenue of $249.00 million for the quarter. XPLR Infrastructure had a positive return on equity of 1.54% and a negative net margin of 2.27%.The business's quarterly revenue was down 15.3% compared to the same quarter last year. Equities research analysts anticipate that XPLR Infrastructure, LP will post 2.33 earnings per share for the current 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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