Proficio Capital Partners LLC Takes $537,000 Position in NextDecade Co. (NASDAQ:NEXT)

Proficio Capital Partners LLC purchased a new position in NextDecade Co. (NASDAQ:NEXT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,691 shares of the company’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in NextDecade by 24.8% in the third quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock worth $14,260,000 after purchasing an additional 600,630 shares during the period. State Street Corp grew its stake in NextDecade by 7.1% in the third quarter. State Street Corp now owns 2,330,172 shares of the company’s stock worth $10,975,000 after purchasing an additional 155,309 shares during the period. Charles Schwab Investment Management Inc. grew its stake in NextDecade by 43.3% in the third 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 period. Catalyst Capital Advisors LLC grew its stake in NextDecade by 3.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company’s stock worth $28,916,000 after purchasing an additional 123,070 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake 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 worth $21,776,000 after purchasing an additional 2,286,050 shares during the period. 66.74% of the stock is owned by hedge funds and other institutional investors.

NextDecade Price Performance

Shares of NEXT stock opened at $7.03 on Monday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -6.28 and a beta of 1.18. The business’s fifty day moving average is $8.04 and its 200 day moving average is $6.65. NextDecade Co. has a twelve month low of $4.27 and a twelve month high of $9.47. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($1.67). Research analysts expect that NextDecade Co. will post -0.61 EPS for the current fiscal year.

NextDecade Company Profile

NextDecade Corp. is a development company.