Algert Global LLC increased its stake in NextDecade Co. (NASDAQ:NEXT - Free Report) by 236.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 386,142 shares of the company's stock after acquiring an additional 271,458 shares during the quarter. Algert Global LLC owned approximately 0.15% of NextDecade worth $1,819,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC acquired a new stake in shares of NextDecade in the second quarter valued at about $23,231,000. Wolf Hill Capital Management LP purchased a new stake in NextDecade during the 2nd quarter worth approximately $7,096,000. Charles Schwab Investment Management Inc. raised its holdings in shares of NextDecade by 43.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company's stock valued at $5,015,000 after acquiring an additional 321,603 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of NextDecade by 108.5% in the second 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 in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in shares of NextDecade by 4.3% in the third quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company's stock valued at $17,085,000 after acquiring an additional 150,800 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company's stock.
NextDecade Price Performance
Shares of NEXT traded up $0.01 during trading hours on Thursday, hitting $7.19. 1,657,731 shares of the stock were exchanged, compared to its average volume of 1,603,342. The stock's 50-day moving average price is $5.93 and its two-hundred day moving average price is $6.44. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -6.42 and a beta of 1.25. NextDecade Co. has a 12-month low of $4.26 and a 12-month high of $8.52.
NextDecade Profile
(
Free Report)
NextDecade Corp. is a development company.
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