Encompass Capital Advisors LLC reduced its position in NextDecade Co. (NASDAQ:NEXT - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,403,047 shares of the company's stock after selling 2,938,612 shares during the quarter. Encompass Capital Advisors LLC owned about 1.31% of NextDecade worth $26,237,000 at the end of the most recent reporting period.
Several other 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 4th quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock worth $35,000 after acquiring an additional 3,485 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of NextDecade in the 4th quarter worth $56,000. Tower Research Capital LLC TRC increased its stake in shares of NextDecade by 201.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock worth $60,000 after acquiring an additional 5,212 shares during the last quarter. Briaud Financial Planning Inc increased its stake in shares of NextDecade by 29.2% in the 4th 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, Brevan Howard Capital Management LP acquired a new stake in shares of NextDecade in the 4th quarter worth $82,000. 66.74% of the stock is owned by institutional investors and hedge funds.
NextDecade Trading Up 1.0%
Shares of NEXT traded up $0.08 during midday trading on Monday, reaching $7.75. The company had a trading volume of 1,405,752 shares, compared to its average volume of 1,861,833. 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 $2.02 billion, a PE ratio of -6.92 and a beta of 1.05. The firm has a 50 day simple moving average of $7.53 and a 200-day simple moving average of $7.50. 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 (NASDAQ:NEXT - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.67). Research analysts forecast that NextDecade Co. will post -0.61 EPS for the current fiscal year.
NextDecade Company Profile
(
Free Report)
NextDecade Corp. is a development company.
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