Catalyst Capital Advisors LLC lifted its position in NextDecade Co. (NASDAQ:NEXT - Free Report) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,627,416 shares of the company's stock after acquiring an additional 150,800 shares during the period. Catalyst Capital Advisors LLC owned 1.41% of NextDecade worth $17,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new stake in shares of NextDecade in the 1st quarter valued at about $60,000. Wealth Enhancement Advisory Services LLC acquired a new position in NextDecade in the 3rd quarter valued at about $77,000. Clear Harbor Asset Management LLC acquired a new position in shares of NextDecade during the 3rd quarter valued at about $99,000. Marshall Wace LLP increased its position in NextDecade by 21.9% during the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company's stock worth $102,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Banque Pictet & Cie SA purchased a new position in NextDecade in the 2nd quarter worth approximately $108,000. Hedge funds and other institutional investors own 66.74% of the company's stock.
NextDecade Stock Up 8.6 %
Shares of NextDecade stock traded up $0.47 on Tuesday, hitting $5.95. 1,343,036 shares of the company's stock traded hands, compared to its average volume of 1,511,581. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.22. NextDecade Co. has a 52-week low of $4.01 and a 52-week high of $8.52. The firm's 50-day moving average is $5.08 and its 200 day moving average is $6.35. The stock has a market cap of $1.54 billion, a P/E ratio of -34.29 and a beta of 1.25.
NextDecade (NASDAQ:NEXT - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.28). Equities analysts anticipate that NextDecade Co. will post -1.01 earnings per share for the current year.
NextDecade Profile
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Free Report)
NextDecade Corp. is a development company.
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