NextDecade Sees Unusually High Options Volume (NASDAQ:NEXT)

NextDecade Co. (NASDAQ:NEXT) saw unusually large options trading activity on Friday. Traders purchased 2,650 call options on the stock. This represents an increase of 57% compared to the average volume of 1,687 call options.

Insiders Place Their Bets

In other 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 transaction of $263,045,527.50. Following the completion of the transaction, the director now owns 4,264,298 shares of the company’s stock, valued at approximately $31,982,235. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NextDecade news, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were purchased at an average price of $7.50 per share, for a total transaction of $87,681,817.50. Following the completion of the purchase, the insider now directly owns 17,536,369 shares of the company’s stock, valued at approximately $131,522,767.50. This represents a 100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director York Capital Management Global sold 35,072,737 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $7.50, for a total transaction of $263,045,527.50. Following the completion of the sale, the director now directly owns 4,264,298 shares in the company, valued at $31,982,235. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NEXT. Marshall Wace LLP grew its holdings in shares of NextDecade by 21.9% in the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after purchasing an additional 2,300 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of NextDecade by 12.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock worth $128,000 after buying an additional 2,458 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of NextDecade by 49.0% in the second quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock valued at $124,000 after acquiring an additional 5,133 shares during the last quarter. Swiss National Bank boosted its holdings in shares of NextDecade by 6.4% in the 1st quarter. Swiss National Bank now owns 177,200 shares of the company’s stock worth $1,006,000 after acquiring an additional 10,700 shares in the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in NextDecade during the 2nd quarter worth approximately $108,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Price Performance

Shares of NextDecade stock opened at $5.63 on Friday. NextDecade has a twelve month low of $4.01 and a twelve month high of $8.52. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market cap of $1.45 billion, a P/E ratio of -33.12 and a beta of 1.28. The firm’s 50-day simple moving average is $4.94 and its 200-day simple moving average is $6.37.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). As a group, research analysts expect that NextDecade will post -1.23 EPS for the current fiscal year.

About NextDecade

NextDecade Corp. is a development company.