NextDecade Sees Unusually High Options Volume (NASDAQ:NEXT)

NextDecade Co. (NASDAQ:NEXT) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 5,164 call options on the stock. This is an increase of approximately 203% compared to the average volume of 1,704 call options.

NextDecade Stock Performance

NASDAQ NEXT remained flat at $4.72 during trading on Monday. 251,459 shares of the company’s stock traded hands, compared to its average volume of 1,555,253. The business’s 50-day moving average price is $5.84 and its two-hundred day moving average price is $6.42. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.22. NextDecade has a twelve month low of $4.01 and a twelve month high of $8.52.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.28). On average, equities analysts forecast that NextDecade will post -1.23 EPS for the current year.

Analysts Set New Price Targets

Separately, TD Cowen increased their target price on NextDecade from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, June 6th.

Insider Transactions at NextDecade

In other news, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were purchased at an average price of $7.50 per share, with a total value of $87,681,817.50. Following the completion of the acquisition, the insider now owns 17,536,369 shares in the company, valued at approximately $131,522,767.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were purchased at an average price of $7.50 per share, with a total value of $87,681,817.50. Following the completion of the acquisition, the insider now owns 17,536,369 shares in the company, valued at approximately $131,522,767.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director York Capital Management Global sold 35,072,737 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $7.50, for a total value of $263,045,527.50. Following the completion of the transaction, the director now directly owns 4,264,298 shares in the company, valued at approximately $31,982,235. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Institutional Trading of NextDecade

Several institutional investors have recently added to or reduced their stakes in NEXT. Mubadala Investment Co PJSC purchased a new stake in shares of NextDecade during the fourth quarter worth about $67,764,000. Teilinger Capital Ltd. lifted its holdings in NextDecade by 118.8% in the fourth quarter. Teilinger Capital Ltd. now owns 3,500,000 shares of the company’s stock worth $16,695,000 after buying an additional 1,900,000 shares during the period. SG Americas Securities LLC purchased a new stake in NextDecade in the first quarter worth about $1,726,000. Aigen Investment Management LP purchased a new stake in NextDecade in the fourth quarter worth about $153,000. Finally, Westwood Holdings Group Inc. lifted its holdings in NextDecade by 2,290.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 414,786 shares of the company’s stock worth $1,979,000 after buying an additional 397,433 shares during the period. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Company Profile

NextDecade Corp. is a development company.