Quantessence Capital LLC Takes $283,000 Position in NextDecade Co. (NASDAQ:NEXT)

Quantessence Capital LLC bought a new position in shares of NextDecade Co. (NASDAQ:NEXT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,740 shares of the company's stock, valued at approximately $283,000.

Other institutional investors have also recently modified their holdings of the company. Wolf Hill Capital Management LP increased its holdings in shares of 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of NextDecade by 24.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company's stock valued at $14,260,000 after acquiring an additional 600,630 shares during the period. Cannell & Spears LLC acquired a new stake in shares of NextDecade in the 4th quarter worth approximately $1,316,000. State Street Corp increased its stake in NextDecade by 7.1% in the 3rd quarter. State Street Corp now owns 2,330,172 shares of the company's stock valued at $10,975,000 after purchasing an additional 155,309 shares in the last quarter. Finally, Barclays PLC raised its holdings in NextDecade by 38.8% during the fourth quarter. Barclays PLC now owns 533,995 shares of the company's stock worth $4,117,000 after purchasing an additional 149,159 shares during the last quarter. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Price Performance

Shares of NextDecade stock traded up $0.13 on Monday, hitting $7.50. The company's stock had a trading volume of 297,499 shares, compared to its average volume of 1,958,693. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. NextDecade Co. has a 52-week low of $4.27 and a 52-week high of $9.71. The company has a market capitalization of $1.95 billion, a P/E ratio of -6.69 and a beta of 0.80. The firm has a fifty day moving average price of $7.57 and a 200-day moving average price of $7.35.

NextDecade (NASDAQ:NEXT - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.67). On average, equities research analysts expect that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

About NextDecade

NextDecade Corp. is a development company.