The Manufacturers Life Insurance Company Has $594,000 Stock Holdings in NextDecade Co. (NASDAQ:NEXT)

The Manufacturers Life Insurance Company increased its stake in shares of NextDecade Co. (NASDAQ:NEXT) by 23.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,829 shares of the company’s stock after purchasing an additional 14,451 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in NextDecade were worth $594,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in NextDecade during the 1st quarter worth approximately $60,000. Marshall Wace LLP grew its holdings in NextDecade by 21.9% during the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after acquiring an additional 2,300 shares during the last quarter. Banque Pictet & Cie SA bought a new stake in NextDecade during the 2nd quarter worth approximately $108,000. nVerses Capital LLC bought a new stake in NextDecade during the 2nd quarter worth approximately $122,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in NextDecade by 12.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock worth $128,000 after acquiring an additional 2,458 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Trading Down 2.3 %

NEXT opened at $5.43 on Wednesday. NextDecade Co. has a fifty-two week low of $4.01 and a fifty-two week 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 market capitalization of $1.40 billion, a price-to-earnings ratio of -31.94 and a beta of 1.28. The company’s 50 day moving average price is $4.87 and its two-hundred day moving average price is $6.37.

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

Insider Activity

In other news, Director York Capital Management Global sold 35,072,737 shares of the company’s 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 sale, the director now directly owns 4,264,298 shares of the company’s stock, valued at approximately $31,982,235. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related 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 bought at an average price of $7.50 per share, for a total transaction of $87,681,817.50. Following the transaction, the insider now directly owns 17,536,369 shares of the company’s stock, valued at approximately $131,522,767.50. The trade was a 100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction, the director now owns 4,264,298 shares in the company, valued at $31,982,235. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.