Gilder Gagnon Howe & Co. LLC Lowers Holdings in Solaris Oilfield Infrastructure, Inc. (SOI)

Gilder Gagnon Howe & Co. LLC trimmed its position in Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,509,110 shares of the company’s stock after selling 34,633 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned 3.49% of Solaris Oilfield Infrastructure worth $26,304,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth $123,000. Alliancebernstein L.P. purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth $125,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth $125,000. Sei Investments Co. purchased a new stake in shares of Solaris Oilfield Infrastructure in the 3rd quarter worth $152,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Solaris Oilfield Infrastructure in the 2nd quarter worth $173,000. Institutional investors and hedge funds own 58.69% of the company’s stock.

Shares of Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) traded down $0.02 during trading hours on Tuesday, reaching $16.06. The company had a trading volume of 524,800 shares, compared to its average volume of 260,578. Solaris Oilfield Infrastructure, Inc. has a 12 month low of $9.90 and a 12 month high of $18.42. The company has a current ratio of 7.44, a quick ratio of 6.78 and a debt-to-equity ratio of 0.06.

Solaris Oilfield Infrastructure (NYSE:SOI) last announced its earnings results on Thursday, November 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). Solaris Oilfield Infrastructure had a net margin of 18.84% and a return on equity of 10.16%. The business had revenue of $18.50 million for the quarter, compared to analyst estimates of $17.14 million. The firm’s quarterly revenue was down 99.6% on a year-over-year basis. research analysts expect that Solaris Oilfield Infrastructure, Inc. will post 0.53 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $20.00 price target on shares of Solaris Oilfield Infrastructure in a research report on Monday, November 6th. Piper Jaffray Companies reissued a “buy” rating and issued a $19.00 price target on shares of Solaris Oilfield Infrastructure in a research report on Sunday, November 5th. Raymond James Financial, Inc. lowered Solaris Oilfield Infrastructure from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 11th. Citigroup Inc. lowered Solaris Oilfield Infrastructure to a “market perform” rating in a research report on Wednesday, October 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Solaris Oilfield Infrastructure from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, September 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.68.

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About Solaris Oilfield Infrastructure

Solaris Oilfield Infrastructure, Inc manufactures and provides its mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. The Company offers its services to oil and natural gas exploration and production (E&P) companies, as well as oilfield service companies.

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Institutional Ownership by Quarter for Solaris Oilfield Infrastructure (NYSE:SOI)

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