XPLR Infrastructure, LP $XIFR Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in XPLR Infrastructure, LP (NYSE:XIFR) by 55.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 277,487 shares of the solar energy provider’s stock after selling 342,340 shares during the period. Thrivent Financial for Lutherans owned 0.30% of XPLR Infrastructure worth $2,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of XIFR. Steward Partners Investment Advisory LLC purchased a new stake in XPLR Infrastructure during the 2nd quarter valued at about $25,000. JPMorgan Chase & Co. purchased a new position in XPLR Infrastructure in the 2nd quarter worth approximately $55,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of XPLR Infrastructure during the 2nd quarter worth approximately $77,000. MAI Capital Management purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at approximately $94,000. Finally, Headlands Technologies LLC purchased a new stake in shares of XPLR Infrastructure in the second quarter valued at approximately $111,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

XPLR Infrastructure Stock Performance

NYSE XIFR opened at $9.54 on Wednesday. The stock has a fifty day simple moving average of $9.47 and a 200-day simple moving average of $9.54. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.44. The stock has a market cap of $896.29 million, a PE ratio of -5.64 and a beta of 0.99. XPLR Infrastructure, LP has a twelve month low of $7.53 and a twelve month high of $19.28.

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

Analyst Ratings Changes

A number of research firms have weighed in on XIFR. Barclays lowered their price objective on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday, November 6th. CIBC raised their target price on XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Wall Street Zen cut shares of XPLR Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Morgan Stanley dropped their price objective on shares of XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, December 2nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of XPLR Infrastructure in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, XPLR Infrastructure has a consensus 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.