NextDecade Co. (NASDAQ:NEXT - Get Free Report) was the target of some unusual options trading activity on Friday. Investors bought 4,278 call options on the company. This is an increase of 27% compared to the typical daily volume of 3,378 call options.
Institutional Trading of NextDecade
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC increased its holdings in shares of NextDecade by 350.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock valued at $35,000 after purchasing an additional 3,485 shares during the period. Mainstream Capital Management LLC purchased a new position in NextDecade in the 4th quarter valued at $56,000. Tower Research Capital LLC TRC increased its stake in NextDecade by 201.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock valued at $60,000 after buying an additional 5,212 shares during the period. Briaud Financial Planning Inc raised its position in 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 buying an additional 2,109 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in NextDecade during the 4th quarter worth $79,000. 66.74% of the stock is owned by hedge funds and other institutional investors.
NextDecade Stock Performance
NEXT stock traded down $0.10 on Tuesday, hitting $7.68. The company's stock had a trading volume of 1,662,810 shares, compared to its average volume of 1,764,730. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -6.86 and a beta of 1.18. The firm has a 50 day moving average of $8.03 and a two-hundred day moving average of $7.03. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. NextDecade has a 1 year low of $4.27 and a 1 year high of $9.71.
NextDecade (NASDAQ:NEXT - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.67). Equities analysts predict that NextDecade will post -0.61 EPS for the current fiscal year.
About NextDecade
(
Get Free Report)
NextDecade Corp. is a development company.
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