NextDecade Co. (NASDAQ:NEXT) Shares Acquired by Bardin Hill Management Partners LP

Bardin Hill Management Partners LP increased its position in NextDecade Co. (NASDAQ:NEXT - Free Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,917,873 shares of the company's stock after purchasing an additional 334,012 shares during the period. NextDecade comprises about 32.7% of Bardin Hill Management Partners LP's investment portfolio, making the stock its biggest holding. Bardin Hill Management Partners LP owned 3.43% of NextDecade worth $68,757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEXT. Steward Partners Investment Advisory LLC increased its stake in shares of NextDecade by 350.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock worth $35,000 after purchasing an additional 3,485 shares during the period. Mainstream Capital Management LLC bought a new position in NextDecade in the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC lifted its holdings in shares of NextDecade by 201.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock worth $60,000 after buying an additional 5,212 shares during the last quarter. Briaud Financial Planning Inc grew its stake in shares of NextDecade by 29.2% in the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company's stock worth $71,000 after acquiring an additional 2,109 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in NextDecade during the fourth quarter worth $83,000. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Stock Performance

Shares of NEXT traded up $0.25 during trading hours on Friday, reaching $7.72. 627,725 shares of the company traded hands, compared to its average volume of 1,865,166. NextDecade Co. has a 1-year low of $4.27 and a 1-year high of $9.71. The stock has a market cap of $2.01 billion, a P/E ratio of -6.89 and a beta of 1.05. The stock's fifty day moving average is $7.53 and its 200 day moving average is $7.44. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49.

NextDecade (NASDAQ:NEXT - Get Free Report) last posted its earnings results 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). Equities research analysts anticipate that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

About NextDecade

NextDecade Corp. is a development company.