Shares of NextDecade Co. (NASDAQ:NEXT - Get Free Report) were down 7.3% during mid-day trading on Thursday . The stock traded as low as $7.93 and last traded at $7.97. Approximately 1,742,088 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 2,156,405 shares. The stock had previously closed at $8.60.
NextDecade Trading Up 1.8 %
The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -7.06 and a beta of 1.27. The company has a fifty day moving average price of $7.70 and a 200-day moving average price of $6.43. 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 (NASDAQ:NEXT - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $1.02. As a group, research analysts expect that NextDecade Co. will post -0.61 EPS for the current year.
Hedge Funds Weigh In On NextDecade
Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of NextDecade by 24.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company's stock valued at $14,260,000 after buying an additional 600,630 shares during the period. State Street Corp raised its holdings in NextDecade by 7.1% in the 3rd quarter. State Street Corp now owns 2,330,172 shares of the company's stock worth $10,975,000 after purchasing an additional 155,309 shares during the period. Catalyst Capital Advisors LLC raised its holdings in NextDecade by 4.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company's stock worth $17,085,000 after purchasing an additional 150,800 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in NextDecade by 43.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company's stock worth $5,015,000 after purchasing an additional 321,603 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in NextDecade by 108.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 181,106 shares of the company's stock worth $853,000 after purchasing an additional 94,076 shares during the period. Institutional investors and hedge funds own 66.74% of the company's stock.
About NextDecade
(
Get Free Report)
NextDecade Corp. is a development company.
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