ExodusPoint Capital Management LP Trims Holdings in NextDecade Co. (NASDAQ:NEXT)

ExodusPoint Capital Management LP decreased its position in NextDecade Co. (NASDAQ:NEXT - Free Report) by 41.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,417 shares of the company's stock after selling 44,777 shares during the quarter. ExodusPoint Capital Management LP's holdings in NextDecade were worth $481,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in NextDecade by 350.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock valued at $35,000 after acquiring an additional 3,485 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of NextDecade during the fourth quarter worth about $56,000. Briaud Financial Planning Inc increased its holdings in shares of NextDecade by 29.2% in the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company's stock worth $71,000 after buying an additional 2,109 shares during the last quarter. Cibc World Markets Corp bought a new stake in NextDecade during the fourth quarter worth about $83,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in NextDecade in the fourth quarter worth approximately $91,000. 66.74% of the stock is owned by institutional investors.

NextDecade Trading Up 4.8 %

Shares of NEXT traded up $0.36 during mid-day trading on Friday, hitting $7.82. 2,513,164 shares of the company's stock traded hands, compared to its average volume of 1,861,314. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. The business's 50-day moving average price is $7.64 and its 200-day moving average price is $7.21. The firm has a market capitalization of $2.04 billion, a P/E ratio of -6.98 and a beta of 0.80. NextDecade Co. has a 1 year low of $4.27 and a 1 year high of $9.71.

NextDecade (NASDAQ:NEXT - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($1.67). As a group, sell-side analysts forecast that NextDecade Co. will post -0.61 EPS for the current fiscal year.

NextDecade Company Profile

NextDecade Corp. is a development company.