NextDecade Co. (NASDAQ:NEXT) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its position in NextDecade Co. (NASDAQ:NEXT) by 49.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,612 shares of the company’s stock after acquiring an additional 52,128 shares during the quarter. Rhumbline Advisers owned 0.06% of NextDecade worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEXT. Swiss National Bank boosted its holdings in NextDecade by 26.1% in the fourth quarter. Swiss National Bank now owns 166,500 shares of the company’s stock valued at $794,000 after acquiring an additional 34,500 shares during the last quarter. Amalgamated Bank boosted its holdings in NextDecade by 138.1% in the fourth quarter. Amalgamated Bank now owns 11,187 shares of the company’s stock valued at $53,000 after acquiring an additional 6,489 shares during the last quarter. Aigen Investment Management LP acquired a new position in NextDecade in the fourth quarter valued at $153,000. Westwood Holdings Group Inc. boosted its holdings in NextDecade by 2,290.3% in 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 last quarter. Finally, Teilinger Capital Ltd. lifted its stake 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 worth $16,695,000 after purchasing an additional 1,900,000 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Trading Down 3.7 %

Shares of NEXT opened at $4.72 on Friday. The stock’s 50-day moving average is $5.84 and its two-hundred day moving average is $6.41. NextDecade Co. has a 12 month low of $4.01 and a 12 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.

NextDecade (NASDAQ:NEXT) last issued 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). On average, research analysts anticipate that NextDecade Co. will post -1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TD Cowen boosted their price objective on NextDecade from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th.

Insiders Place Their Bets

In related news, Director York Capital Management Global sold 35,072,737 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $7.50, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director York Capital Management Global sold 35,072,737 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $7.50, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average price of $7.50 per share, for a total transaction of $87,681,817.50. Following the purchase, the insider now owns 17,536,369 shares of the company’s stock, valued at approximately $131,522,767.50. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

About NextDecade

NextDecade Corp. is a development company.