Neo Ivy Capital Management Purchases Shares of 52,766 NextDecade Corporation (NASDAQ:NEXT)

Key Points

• Neo Ivy Capital Management has purchased 52,766 shares of NextDecade Corporation (NASDAQ:NEXT), valued at approximately $411,000, indicating growing institutional interest in the company.
• Other institutional investors, including Swiss National Bank and Commonwealth Equity Services LLC, have also increased their stakes in NextDecade during the fourth quarter, suggesting confidence in its potential.
• Analysts have raised their price targets for NextDecade, with Morgan Stanley setting a new target of $15.00, an increase from the previous $10.00, reflecting positive outlooks for the stock.

Neo Ivy Capital Management bought a new position in shares of NextDecade Corporation (NASDAQ:NEXT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 52,766 shares of the company's stock, valued at approximately $411,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of NextDecade by 2,302.6% during the 1st quarter. GAMMA Investing LLC now owns 6,535 shares of the company's stock worth $51,000 after purchasing an additional 6,263 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of NextDecade by 201.6% in the fourth 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. Broadway Wealth Solutions Inc. acquired a new position in shares of NextDecade during the first quarter worth approximately $79,000. Quantinno Capital Management LP bought a new position in NextDecade in the 4th quarter worth approximately $79,000. Finally, Brevan Howard Capital Management LP acquired a new position in NextDecade during the 4th quarter worth $82,000. 66.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NEXT shares. Seaport Res Ptn raised NextDecade to a "strong-buy" rating in a research note on Friday, July 25th. Cowen upgraded shares of NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th. TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price objective on the stock in a research note on Tuesday, June 24th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $15.00 target price (up previously from $10.00) on shares of NextDecade in a research report on Friday, July 11th.

NextDecade Trading Down 0.5%

Shares of NextDecade stock traded down $0.06 during trading hours on Wednesday, hitting $11.38. The company's stock had a trading volume of 635,940 shares, compared to its average volume of 2,127,143. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day moving average of $9.08 and a 200 day moving average of $8.25. NextDecade Corporation has a 12 month low of $4.27 and a 12 month high of $12.12. The company has a market capitalization of $2.97 billion, a PE ratio of -16.73 and a beta of 1.08.

NextDecade Company Profile

NextDecade Corp. is a development company.