JPMorgan Chase & Co. trimmed its position in NextDecade Co. (NASDAQ:NEXT - Free Report) by 82.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,682 shares of the company's stock after selling 586,189 shares during the quarter. JPMorgan Chase & Co.'s holdings in NextDecade were worth $578,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Securities Inc. acquired a new position in NextDecade in the third quarter valued at about $52,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NextDecade in the 3rd quarter valued at about $77,000. Clear Harbor Asset Management LLC acquired a new stake in shares of NextDecade in the 3rd quarter valued at approximately $99,000. Marshall Wace LLP raised its position in shares of NextDecade by 21.9% in the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company's stock valued at $102,000 after acquiring an additional 2,300 shares during the period. Finally, SG Americas Securities LLC bought a new position in NextDecade during the 3rd quarter worth approximately $138,000. 66.74% of the stock is owned by institutional investors.
NextDecade Trading Down 3.5 %
NASDAQ:NEXT traded down $0.28 during trading hours on Tuesday, hitting $7.90. The stock had a trading volume of 1,523,582 shares, compared to its average volume of 2,373,003. The business's 50 day moving average is $7.51 and its 200-day moving average is $6.41. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market cap of $2.06 billion, a price-to-earnings ratio of -7.08 and a beta of 1.29. NextDecade Co. has a one year low of $4.27 and a one year high of $9.47.
NextDecade (NASDAQ:NEXT - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of ($0.22) by $1.02. Sell-side analysts anticipate that NextDecade Co. will post -0.59 EPS for the current fiscal year.
NextDecade Company Profile
(
Free Report)
NextDecade Corp. is a development company.
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