Hudson Bay Capital Management LP Takes Position in Solaris Energy Infrastructure, Inc. $SEI

Hudson Bay Capital Management LP acquired a new position in Solaris Energy Infrastructure, Inc. (NYSE:SEI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,134 shares of the company’s stock, valued at approximately $1,204,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Strs Ohio acquired a new position in shares of Solaris Energy Infrastructure during the first quarter valued at about $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Solaris Energy Infrastructure during the third quarter worth about $31,000. Larson Financial Group LLC grew its stake in shares of Solaris Energy Infrastructure by 363.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,014 shares of the company’s stock worth $41,000 after purchasing an additional 795 shares during the period. Assetmark Inc. increased its holdings in Solaris Energy Infrastructure by 29.1% in the third quarter. Assetmark Inc. now owns 1,130 shares of the company’s stock valued at $45,000 after buying an additional 255 shares in the last quarter. Finally, Chung Wu Investment Group LLC purchased a new position in shares of Solaris Energy Infrastructure in the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Solaris Energy Infrastructure Stock Down 6.3%

NYSE SEI opened at $61.70 on Monday. Solaris Energy Infrastructure, Inc. has a fifty-two week low of $14.27 and a fifty-two week high of $70.17. The stock has a market cap of $4.22 billion, a PE ratio of 86.90 and a beta of 1.13. The company has a quick ratio of 2.87, a current ratio of 2.96 and a debt-to-equity ratio of 1.37. The business has a 50 day moving average price of $53.84 and a two-hundred day moving average price of $48.45.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Tuesday, February 24th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Solaris Energy Infrastructure had a return on equity of 11.83% and a net margin of 4.81%.The company had revenue of $179.70 million for the quarter. As a group, sell-side analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SEI has been the subject of a number of recent research reports. Northland Securities set a $70.00 target price on shares of Solaris Energy Infrastructure in a research report on Monday, January 5th. Wall Street Zen downgraded shares of Solaris Energy Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Citigroup cut their price target on shares of Solaris Energy Infrastructure from $62.00 to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Wells Fargo & Company began coverage on Solaris Energy Infrastructure in a research report on Friday. They set an “equal weight” rating and a $71.00 price objective on the stock. Finally, Zacks Research upgraded shares of Solaris Energy Infrastructure from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.36.

Solaris Energy Infrastructure Company 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.