NextDecade Co. (NASDAQ:NEXT) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in NextDecade Co. (NASDAQ:NEXT) by 24.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,320 shares of the company’s stock after selling 43,707 shares during the period. Pacer Advisors Inc. owned 0.05% of NextDecade worth $1,059,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Mubadala Investment Co PJSC acquired a new position in NextDecade during the 4th quarter valued at approximately $67,764,000. Teilinger Capital Ltd. boosted its holdings in shares of NextDecade by 118.8% during the fourth quarter. Teilinger Capital Ltd. now owns 3,500,000 shares of the company’s stock valued at $16,695,000 after acquiring an additional 1,900,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of NextDecade during the first quarter valued at $1,726,000. Westwood Holdings Group Inc. boosted its holdings in shares of NextDecade by 2,290.3% during the fourth quarter. Westwood Holdings Group Inc. now owns 414,786 shares of the company’s stock valued at $1,979,000 after acquiring an additional 397,433 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NextDecade by 108.5% during the second quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company’s stock valued at $3,504,000 after acquiring an additional 229,646 shares during the period. 66.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, major shareholder Hgc Next Inv Llc bought 11,690,909 shares of the company’s stock in a transaction that occurred on 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 directly owns 17,536,369 shares in the company, valued at $131,522,767.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other NextDecade news, Director York Capital Management Global sold 35,072,737 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 4,264,298 shares of the company’s stock, valued at approximately $31,982,235. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hgc Next Inv Llc acquired 11,690,909 shares of the stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $87,681,817.50. Following the purchase, the insider now directly owns 17,536,369 shares in the company, valued at $131,522,767.50. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

NextDecade Trading Up 0.2 %

Shares of NEXT opened at $4.80 on Friday. NextDecade Co. has a 1 year low of $4.01 and a 1 year high of $8.52. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.45 and a quick ratio of 0.45. The firm has a fifty day moving average of $5.54 and a 200-day moving average of $6.39.

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

About NextDecade

NextDecade Corp. is a development company.