Counterpoint Mutual Funds LLC Takes $3.15 Million Position in XPLR Infrastructure, LP $XIFR

Counterpoint Mutual Funds LLC purchased a new position in XPLR Infrastructure, LP (NYSE:XIFR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 309,558 shares of the solar energy provider’s stock, valued at approximately $3,148,000. XPLR Infrastructure comprises 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 14th largest position. Counterpoint Mutual Funds LLC owned approximately 0.33% of XPLR Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of XIFR. Nomura Holdings Inc. bought a new position in XPLR Infrastructure in the second quarter valued at about $46,948,000. Apollo Management Holdings L.P. bought a new stake in shares of XPLR Infrastructure during the 2nd quarter valued at about $40,853,000. ING Groep NV purchased a new stake in shares of XPLR Infrastructure during the 3rd quarter valued at about $20,340,000. MUFG Securities EMEA plc bought a new position in shares of XPLR Infrastructure in the 2nd quarter worth approximately $16,400,000. Finally, Prescott Group Capital Management L.L.C. purchased a new position in shares of XPLR Infrastructure in the third quarter worth approximately $11,096,000. Institutional investors own 66.01% of the company’s stock.

XPLR Infrastructure Stock Performance

Shares of NYSE XIFR opened at $10.67 on Tuesday. The stock has a market cap of $1.00 billion, a PE ratio of -34.40 and a beta of 1.02. XPLR Infrastructure, LP has a 1 year low of $7.53 and a 1 year high of $11.43. The firm has a fifty day moving average price of $10.07 and a 200-day moving average price of $9.93. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.91 and a quick ratio of 0.84.

XPLR Infrastructure (NYSE:XIFR) last issued its 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. XPLR Infrastructure had a negative net margin of 2.27% and a positive return on equity of 1.54%. The firm’s quarterly revenue was down 15.3% compared to the same quarter last year. Equities analysts anticipate that XPLR Infrastructure, LP will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, January 21st. Barclays boosted their price objective on shares of XPLR Infrastructure from $10.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 12th. Morgan Stanley decreased their target price on XPLR Infrastructure from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, December 2nd. Mizuho set a $12.00 target price on XPLR Infrastructure in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada assumed coverage on XPLR Infrastructure in a report on Tuesday, January 6th. They set an “outperform” rating and a $14.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $12.58.

XPLR Infrastructure 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.