InfraREIT Inc. (HIFR): HG Vora Capital Management Raises Stake

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HG Vora Capital Management‘s stake in InfraREIT Inc. (NYSE:HIFR) has gone up according to a recent 13G filing with the US Securities and Exchange Commission. The fund managed by Parag Vora held 2.05 million shares of InfraREIT at the end of June, and has now climbed to 2.32 million shares or 5.3% of the company’s outstanding stock.

InfraREIT is a real estate investment trust that runs electricity delivery infrastructures assets in Texas. The company’s stock has gained 0.92%, year-to-date. For the second quarter of 2016, InfraREIT disclosed earnings per share of $0.15 and revenue of $33.79 million, compared to same EPS of $0.15 and revenue of $29.46 million, for the same period a year earlier.


Parag Vora - HG Vora Capital

Out of the 749 hedge funds followed by Insider Monkey, 16 investors reported long positions in InfraREIT (NYSE:HIFR) down by six from the previous quarter. Some of the bullish investors included Phil Gross and Robert Atchinson’s Adage Capital Management, which held a position worth around $27.39 million, Ken Griffins’ Citadel Investment Group, with a position valued at $6.64 million, John Overdeck and David Siegel’s Two Sigma Advisors, Jim Simons’ Renaissance Technologies, and Israel Englander’s Millennium Management.

Among investors who dumped InfraREIT (NYSE:HIFR) during the June quarter were Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital, which sold its position valued at the end of March at $2.35 million, and Matthew Hulsizer’s Peak6 Capital Management, which said goodbye to $563,000 worth of InfraREIT’s shares.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
HG Vora Special Opportunities Master Fund, Ltd 0 2,318,000 0 2,318,000 2,318,000 5.3%
HG Vora Capital Management 0 2,318,000 0 2,318,000 2,318,000 5.3%
Parag Vora 0 2,318,000 0 2,318,000 2,318,000 5.3%

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Page 1 of 10 – SEC Filing

Washington, D.C.  20549
Under the Securities Exchange Act of 1934
(Amendment No. __)*
InfraREIT, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
September 15, 2016
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See §240.13d-7 for other parties to whom copies are to be sent.
*  The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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