Geode Capital Management LLC raised its position in NextDecade Co. (NASDAQ:NEXT - Free Report) by 24.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,026,930 shares of the company's stock after purchasing an additional 600,630 shares during the quarter. Geode Capital Management LLC owned 1.16% of NextDecade worth $14,260,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEXT. Twin Securities Inc. acquired a new stake in shares of NextDecade during the third quarter worth about $52,000. Marshall Wace LLP lifted its holdings 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 buying an additional 2,300 shares in the last quarter. nVerses Capital LLC purchased a new position in NextDecade in the 2nd quarter valued at approximately $122,000. Principal Financial Group Inc. grew its stake in shares of NextDecade by 49.0% in the second quarter. Principal Financial Group Inc. now owns 15,619 shares of the company's stock worth $124,000 after acquiring an additional 5,133 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NextDecade during the third quarter worth $77,000. Hedge funds and other institutional investors own 66.74% of the company's stock.
NextDecade Stock Up 10.5 %
Shares of NASDAQ NEXT traded up $0.73 during mid-day trading on Tuesday, hitting $7.71. The company had a trading volume of 4,098,544 shares, compared to its average volume of 1,585,465. NextDecade Co. has a 1-year low of $4.26 and a 1-year high of $8.52. The company has a market capitalization of $2.01 billion, a PE ratio of -6.88 and a beta of 1.29. 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 business's 50-day simple moving average is $6.75 and its 200 day simple moving average is $6.35.
NextDecade Profile
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Free Report)
NextDecade Corp. is a development company.
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