Apollo Management Holdings L.P. Invests $40.85 Million in XPLR Infrastructure, LP $XIFR

Apollo Management Holdings L.P. purchased a new position in XPLR Infrastructure, LP (NYSE:XIFR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,982,072 shares of the solar energy provider’s stock, valued at approximately $40,853,000. XPLR Infrastructure makes up about 0.5% of Apollo Management Holdings L.P.’s investment portfolio, making the stock its 15th largest holding. Apollo Management Holdings L.P. owned 5.30% of XPLR Infrastructure at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of XIFR. Ensign Peak Advisors Inc bought a new stake in shares of XPLR Infrastructure in the 2nd quarter valued at approximately $256,000. Dynamic Technology Lab Private Ltd acquired a new position in XPLR Infrastructure in the second quarter worth $256,000. Swiss National Bank acquired a new position in XPLR Infrastructure in the second quarter worth $1,465,000. JPMorgan Chase & Co. bought a new stake in XPLR Infrastructure during the second quarter valued at $55,000. Finally, MAI Capital Management acquired a new stake in shares of XPLR Infrastructure during the second quarter worth $94,000. Institutional investors and hedge funds own 66.01% of the company’s stock.

XPLR Infrastructure Trading Down 2.1%

Shares of NYSE XIFR opened at $8.85 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 0.44. XPLR Infrastructure, LP has a 12 month low of $7.53 and a 12 month high of $19.28. The company has a market cap of $831.82 million, a price-to-earnings ratio of -5.24 and a beta of 0.99. The business has a fifty day simple moving average of $9.67 and a 200-day simple moving average of $9.51.

XPLR Infrastructure (NYSE:XIFR) last posted its quarterly earnings data on Tuesday, November 4th. The solar energy provider reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.30). XPLR Infrastructure had a positive return on equity of 2.01% and a negative net margin of 12.73%.The company had revenue of $315.00 million for the quarter, compared to analyst estimates of $331.56 million. The business’s revenue was down 1.3% on a year-over-year basis. Sell-side analysts predict that XPLR Infrastructure, LP will post 2.33 EPS for the current year.

Wall Street Analyst Weigh In

XIFR has been the subject of several research reports. Wall Street Zen lowered shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research note on Wednesday, October 8th. CIBC upped their target price on XPLR Infrastructure from $11.00 to $11.50 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Morgan Stanley cut their price target on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, December 2nd. Finally, Barclays reduced their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $13.45.

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.