Stock Traders Buy Large Volume of Call Options on NextDecade (NASDAQ:NEXT)

NextDecade Co. (NASDAQ:NEXT - Get Free Report) saw some unusual options trading activity on Friday. Stock investors bought 13,847 call options on the stock. This represents an increase of approximately 408% compared to the typical daily volume of 2,725 call options.

NextDecade Price Performance

Shares of NEXT traded up $0.51 during trading hours on Tuesday, hitting $7.77. The stock had a trading volume of 1,773,614 shares, compared to its average volume of 1,860,854. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of -6.94 and a beta of 1.27. 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 company's fifty day moving average is $8.00 and its two-hundred day moving average is $6.58. NextDecade has a 52 week low of $4.27 and a 52 week high of $9.47.

NextDecade (NASDAQ:NEXT - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($1.67). On average, analysts anticipate that NextDecade will post -0.61 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NEXT. Wolf Hill Capital Management LP raised its position in NextDecade by 330.1% in the 4th quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company's stock valued at $62,775,000 after purchasing an additional 6,248,757 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of NextDecade by 97.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 4,623,370 shares of the company's stock valued at $21,776,000 after buying an additional 2,286,050 shares in the last quarter. Millennium Management LLC raised its holdings in shares of NextDecade by 262.2% in the fourth quarter. Millennium Management LLC now owns 1,276,202 shares of the company's stock valued at $9,840,000 after buying an additional 923,898 shares during the last quarter. Geode Capital Management LLC lifted its position in NextDecade by 24.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company's stock worth $14,260,000 after buying an additional 600,630 shares in the last quarter. Finally, Moore Capital Management LP bought a new stake in NextDecade during the 4th quarter worth about $2,815,000. 66.74% of the stock is owned by institutional investors and hedge funds.

NextDecade Company Profile

NextDecade Corp. is a development company.