Valinor Management L.P. trimmed its holdings in NextDecade Co. (NASDAQ:NEXT - Free Report) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,751,760 shares of the company's stock after selling 149,520 shares during the period. NextDecade comprises approximately 100.0% of Valinor Management L.P.'s holdings, making the stock its largest holding. Valinor Management L.P. owned about 5.28% of NextDecade worth $64,771,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Catalyst Capital Advisors LLC grew its stake in NextDecade by 4.3% in the third 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 in the last quarter. Encompass Capital Advisors LLC bought a new position in NextDecade during the 2nd quarter worth approximately $23,231,000. Harbor Capital Advisors Inc. grew its position in shares of 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 acquiring an additional 94,076 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NextDecade by 108.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company's stock valued at $3,504,000 after acquiring an additional 229,646 shares during the last quarter. Finally, Wolf Hill Capital Management LP acquired a new stake in shares of NextDecade during the 2nd quarter valued at approximately $7,096,000. 66.74% of the stock is currently owned by hedge funds and other institutional investors.
NextDecade Stock Performance
NEXT traded up $0.01 during trading hours on Wednesday, hitting $7.19. 1,657,672 shares of the stock were exchanged, compared to its average volume of 1,603,342. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -6.41 and a beta of 1.25. The stock has a 50-day simple moving average of $5.88 and a 200-day simple moving average of $6.43. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49. NextDecade Co. has a 12 month low of $4.26 and a 12 month high of $8.52.
About NextDecade
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NextDecade Corp. is a development company.
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