Hg Vora Capital Management buys $34,788,500 stake in InfraREIT Inc (HIFR)

InfraREIT Inc (HIFR) : Hg Vora Capital Management scooped up 1,450,000 additional shares in InfraREIT Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,050,000 shares of InfraREIT Inc which is valued at $34,788,500.InfraREIT Inc makes up approximately 7.75% of Hg Vora Capital Management’s portfolio.

Other Hedge Funds, Including , Fmr added HIFR to its portfolio by purchasing 500,100 company shares during the most recent quarter which is valued at $8,461,692.Blackrock Advisors reduced its stake in HIFR by selling 7,072 shares or 6.18% in the most recent quarter. The Hedge Fund company now holds 107,381 shares of HIFR which is valued at $1,758,901. American Century Companies Inc added HIFR to its portfolio by purchasing 75,510 company shares during the most recent quarter which is valued at $1,230,813.Advisors Asset Management reduced its stake in HIFR by selling 232 shares or 5.98% in the most recent quarter. The Hedge Fund company now holds 3,647 shares of HIFR which is valued at $59,957.Shinko Asset Management Ltd. boosted its stake in HIFR in the latest quarter, The investment management firm added 278,038 additional shares and now holds a total of 354,930 shares of InfraREIT Inc which is valued at $6,037,359. InfraREIT Inc makes up approx 0.04% of Shinko Asset Management Ltd.’s portfolio.

InfraREIT Inc closed down -0.07 points or -0.42% at $16.73 with 3,73,661 shares getting traded on Monday. Post opening the session at $16.81, the shares hit an intraday low of $16.68 and an intraday high of $16.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Many Wall Street Analysts have commented on InfraREIT Inc. InfraREIT Inc was Downgraded by BofA/Merrill to ” Neutral” on Nov 4, 2016.

InfraREIT Inc. is an externally managed real estate investment trust (REIT). The Company owns rate-regulated electric transmission and distribution (T&D) assets such as power lines substations transmission towers distribution poles transformers and related property and assets in Texas. Its T&D assets are located throughout Texas including Panhandle Assets Stanton/Brady/Celeste Assets McAllen Assets Stanton Transmission Loop Assets and ERCOT Transmission Assets. The Company leases its T&D assets to Sharyland Utilities L.P. (Sharyland) an electric utility. The Company’s T&D assets are owned by its subsidiary Sharyland Distribution and Transmission Services L.L.C. (SDTS) and SDTS’s wholly owned subsidiaries Sharyland Projects L.L.C. (SPLLC) and SDTS FERC L.L.C. (SDTS FERC). The Company’s tenant Sharyland is a regulated utility and serves over 50000 electricity delivery points in 29 counties throughout Texas. The Company is externally managed by Hunt Manager.

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