Van ECK Associates Corp Increases Position in NextDecade Co. (NASDAQ:NEXT)

Van ECK Associates Corp lifted its holdings in shares of NextDecade Co. (NASDAQ:NEXT) by 115.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,798 shares of the company’s stock after acquiring an additional 36,291 shares during the quarter. Van ECK Associates Corp’s holdings in NextDecade were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Catalyst Capital Advisors LLC increased its position in shares of NextDecade by 3.4% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 3,476,616 shares of the company’s stock valued at $27,604,000 after purchasing an additional 113,187 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in NextDecade during the second quarter valued at about $23,231,000. Wolf Hill Capital Management LP purchased a new stake in NextDecade during the second quarter worth about $7,096,000. SL Advisors LLC boosted its stake in NextDecade by 5.1% in the third quarter. SL Advisors LLC now owns 823,529 shares of the company’s stock valued at $3,879,000 after acquiring an additional 39,830 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of NextDecade by 108.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company’s stock valued at $3,504,000 after acquiring an additional 229,646 shares during the period. 66.74% of the stock is currently owned by institutional investors.

NextDecade Trading Down 3.8 %

NASDAQ:NEXT opened at $7.11 on Wednesday. NextDecade Co. has a 12 month low of $4.26 and a 12 month high of $8.52. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 2.22. The firm’s 50 day moving average is $5.35 and its 200 day moving average is $6.38. The stock has a market capitalization of $1.83 billion, a PE ratio of -6.35 and a beta of 1.25.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.28). Sell-side analysts expect that NextDecade Co. will post -1.01 earnings per share for the current year.

NextDecade Profile

NextDecade Corp. is a development company.