Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of NextDecade Co. (NASDAQ:NEXT - Free Report) by 97.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,623,370 shares of the company's stock after buying an additional 2,286,050 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.78% of NextDecade worth $21,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of NEXT. 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. Encompass Capital Advisors LLC purchased a new position in shares of NextDecade in the second quarter valued at approximately $23,231,000. Harbor Capital Advisors Inc. lifted its position in shares of NextDecade by 108.1% in the third quarter. Harbor Capital Advisors Inc. now owns 181,106 shares of the company's stock valued at $853,000 after acquiring an additional 94,076 shares in 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, Wolf Hill Capital Management LP purchased a new position in shares of NextDecade in the second quarter valued at approximately $7,096,000. Hedge funds and other institutional investors own 66.74% of the company's stock.
NextDecade Price Performance
Shares of NASDAQ:NEXT traded down $0.06 during midday trading on Wednesday, hitting $7.06. The company had a trading volume of 897,802 shares, compared to its average volume of 1,597,782. NextDecade Co. has a twelve month low of $4.26 and a twelve month high of $8.52. 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 stock has a market cap of $1.84 billion, a price-to-earnings ratio of -6.30 and a beta of 1.29. The business's 50-day simple moving average is $6.15 and its 200-day simple moving average is $6.45.
About NextDecade
(
Free Report)
NextDecade Corp. is a development company.
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