Wellington Management Group LLP purchased a new stake in NextDecade Co. (NASDAQ:NEXT – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 103,598 shares of the company’s stock, valued at approximately $488,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Capital Advisors LLC increased its stake in NextDecade by 4.3% during the third quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock worth $17,085,000 after acquiring an additional 150,800 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of NextDecade during the 2nd quarter worth $23,231,000. Charles Schwab Investment Management Inc. increased its position in shares of NextDecade by 43.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock worth $5,015,000 after purchasing an additional 321,603 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in NextDecade by 108.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 181,106 shares of the company’s stock valued at $853,000 after buying an additional 94,076 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in NextDecade by 97.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 4,623,370 shares of the company’s stock valued at $21,776,000 after buying an additional 2,286,050 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.
NextDecade Price Performance
Shares of NEXT opened at $6.95 on Friday. The firm has a 50-day simple moving average of $6.55 and a two-hundred day simple moving average of $6.41. The stock has a market cap of $1.81 billion, a PE ratio of -6.21 and a beta of 1.29. NextDecade Co. has a 1-year low of $4.26 and a 1-year high of $8.52. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49.
About NextDecade
NextDecade Corp. is a development company.
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