Cinctive Capital Management LP Lowers Stock Position in NextDecade Co. (NASDAQ:NEXT)

Cinctive Capital Management LP decreased its holdings in NextDecade Co. (NASDAQ:NEXT - Free Report) by 44.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 640,369 shares of the company's stock after selling 513,652 shares during the quarter. Cinctive Capital Management LP owned approximately 0.25% of NextDecade worth $3,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NEXT. Twin Securities Inc. bought a new stake in shares of NextDecade in the 3rd quarter valued at $52,000. Captrust Financial Advisors boosted its position in 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 acquiring an additional 1,518 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NextDecade by 16.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,778 shares of the company's stock worth $682,000 after purchasing an additional 19,939 shares during the period. BNP Paribas Financial Markets lifted its position in shares of NextDecade by 74.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 59,674 shares of the company's stock valued at $281,000 after acquiring an additional 25,380 shares during the period. Finally, Algert Global LLC boosted its position in shares of NextDecade by 236.7% during the 3rd quarter. Algert Global LLC now owns 386,142 shares of the company's stock worth $1,819,000 after purchasing an additional 271,458 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Stock Up 0.6 %

NEXT stock traded up $0.04 during trading on Tuesday, reaching $7.02. 535,016 shares of the stock were exchanged, compared to its average volume of 1,597,840. The firm's 50 day moving average is $6.06 and its 200 day moving average is $6.44. NextDecade Co. has a twelve month low of $4.26 and a twelve month high of $8.52. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. The firm has a market cap of $1.83 billion, a P/E ratio of -6.23 and a beta of 1.29.

NextDecade Company Profile

NextDecade Corp. is a development company.