Cannell & Spears LLC Takes Position in NextDecade Co. (NASDAQ:NEXT)

Cannell & Spears LLC purchased a new stake in shares of NextDecade Co. (NASDAQ:NEXT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 170,750 shares of the company's stock, valued at approximately $1,316,000. Cannell & Spears LLC owned about 0.07% of NextDecade at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Captrust Financial Advisors increased its position in shares of NextDecade by 3.6% during the third quarter. Captrust Financial Advisors now owns 43,544 shares of the company's stock valued at $205,000 after buying an additional 1,518 shares during the period. Briaud Financial Planning Inc grew its holdings in shares of NextDecade by 29.2% during the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company's stock worth $71,000 after acquiring an additional 2,109 shares during the period. Rhumbline Advisers grew its holdings in shares of NextDecade by 1.9% during the 4th quarter. Rhumbline Advisers now owns 147,900 shares of the company's stock worth $1,140,000 after acquiring an additional 2,722 shares during the period. Bank of New York Mellon Corp raised its position in shares of NextDecade by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 325,367 shares of the company's stock worth $2,509,000 after acquiring an additional 2,833 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of NextDecade by 7.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 45,594 shares of the company's stock valued at $352,000 after purchasing an additional 3,082 shares during the period. Hedge funds and other institutional investors own 66.74% of the company's stock.

NextDecade Stock Down 21.5 %

NEXT stock traded down $1.56 during midday trading on Friday, hitting $5.68. The stock had a trading volume of 5,049,021 shares, compared to its average volume of 1,795,549. The business has a 50-day moving average of $7.91 and a two-hundred day moving average of $7.08. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of -5.07 and a beta of 0.80. NextDecade Co. has a 52-week low of $4.27 and a 52-week high of $9.71.

NextDecade (NASDAQ:NEXT - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.67). As a group, equities research analysts forecast that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

NextDecade Profile

NextDecade Corp. is a development company.