Bayesian Capital Management LP Buys New Shares in NextDecade Co. (NASDAQ:NEXT)

Bayesian Capital Management LP acquired a new stake in NextDecade Co. (NASDAQ:NEXT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,000 shares of the company's stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEXT. Bardin Hill Management Partners LP raised its stake in shares of NextDecade by 3.9% in the 4th quarter. Bardin Hill Management Partners LP now owns 8,917,873 shares of the company's stock valued at $68,757,000 after acquiring an additional 334,012 shares during the period. Wolf Hill Capital Management LP boosted its holdings in NextDecade by 330.1% during 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 acquiring an additional 6,248,757 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in NextDecade by 3.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company's stock valued at $28,916,000 after acquiring an additional 123,070 shares during the period. Geode Capital Management LLC boosted its holdings in NextDecade by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 3,075,331 shares of the company's stock valued at $23,717,000 after acquiring an additional 48,401 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in NextDecade by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,101,775 shares of the company's stock valued at $8,495,000 after acquiring an additional 36,959 shares during the period. 66.74% of the stock is owned by institutional investors and hedge funds.

NextDecade Stock Up 8.8%

NEXT traded up $0.68 during trading hours on Tuesday, hitting $8.43. 1,427,751 shares of the company's stock were exchanged, compared to its average volume of 1,860,276. NextDecade Co. has a 12-month low of $4.27 and a 12-month high of $9.71. The firm has a 50 day moving average of $7.53 and a 200 day moving average of $7.50. The firm has a market cap of $2.20 billion, a P/E ratio of -7.53 and a beta of 1.05. 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 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). Analysts predict that NextDecade Co. will post -0.61 EPS for the current fiscal year.

NextDecade Profile

NextDecade Corp. is a development company.