NextDecade Co. (NASDAQ:NEXT) Shares Acquired by ELCO Management Co. LLC

ELCO Management Co. LLC lifted its stake in shares of NextDecade Co. (NASDAQ:NEXT) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 137,257 shares of the company’s stock after buying an additional 17,290 shares during the quarter. ELCO Management Co. LLC’s holdings in NextDecade were worth $1,090,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of NEXT. Mubadala Investment Co PJSC acquired a new position in shares of NextDecade in the fourth quarter worth about $67,764,000. Teilinger Capital Ltd. increased its holdings in NextDecade by 118.8% during the 4th 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 during the last quarter. Wolf Hill Capital Management LP acquired a new position in shares of NextDecade in the 2nd quarter valued at approximately $7,096,000. Westwood Holdings Group Inc. boosted its stake in shares of NextDecade by 2,290.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 414,786 shares of the company’s stock valued at $1,979,000 after buying an additional 397,433 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in NextDecade during the 1st quarter valued at $1,726,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at NextDecade

In other news, major shareholder Hgc Next Inv Llc acquired 11,690,909 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of $7.50 per share, with a total value of $87,681,817.50. Following the acquisition, the insider now directly owns 17,536,369 shares in the company, valued at $131,522,767.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NextDecade news, Director York Capital Management Global sold 35,072,737 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was 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 in the company, valued at approximately $31,982,235. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the stock in a transaction dated Monday, July 29th. The shares were acquired at an average cost of $7.50 per share, for a total transaction of $87,681,817.50. Following the completion of the acquisition, the insider now directly 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 company insiders.

NextDecade Trading Down 0.4 %

Shares of NASDAQ:NEXT opened at $4.92 on Wednesday. NextDecade Co. has a fifty-two week low of $4.01 and a fifty-two week high of $8.52. The firm has a 50-day simple moving average of $5.71 and a 200 day simple moving average of $6.41. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.22.

NextDecade (NASDAQ:NEXT) last posted its earnings results on Wednesday, August 14th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.28). On average, sell-side analysts predict that NextDecade Co. will post -1.23 EPS for the current year.

NextDecade Profile

NextDecade Corp. is a development company.