Algert Global LLC Raises Stock Position in NextDecade Corporation $NEXT

Key Points

• Algert Global LLC raised its stock position in NextDecade Corporation by 75.9%, acquiring a total of 561,200 shares now valued at $4.37 million.
• Other institutional investors also increased their stakes, with Wolf Hill Capital Management boosting its position by 330.1% during the fourth quarter.
• NextDecade's current stock rating is 'overweight' with price targets raised by several analysts; Morgan Stanley set a target of $15.00, up from $10.00.

Algert Global LLC boosted its holdings in NextDecade Corporation (NASDAQ:NEXT - Free Report) by 75.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 561,200 shares of the company's stock after buying an additional 242,093 shares during the period. Algert Global LLC owned 0.22% of NextDecade worth $4,366,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Bardin Hill Management Partners LP grew its position in shares of NextDecade by 3.9% during the fourth quarter. Bardin Hill Management Partners LP now owns 8,917,873 shares of the company's stock valued at $68,757,000 after purchasing an additional 334,012 shares in the last quarter. Wolf Hill Capital Management LP grew its position in shares of NextDecade by 330.1% during the fourth 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. Catalyst Capital Advisors LLC grew its position in shares of NextDecade by 22.6% during the first quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company's stock valued at $35,768,000 after purchasing an additional 846,937 shares in the last quarter. Millennium Management LLC grew its position in shares of NextDecade by 262.2% during the fourth quarter. Millennium Management LLC now owns 1,276,202 shares of the company's stock valued at $9,840,000 after purchasing an additional 923,898 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its position in shares of NextDecade by 9.7% during the first quarter. Westwood Holdings Group Inc. now owns 1,179,636 shares of the company's stock valued at $9,178,000 after purchasing an additional 104,104 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company's stock.

NextDecade Stock Down 0.2%

Shares of NASDAQ:NEXT opened at $9.71 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.77. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -12.45 and a beta of 1.22. NextDecade Corporation has a 12 month low of $4.27 and a 12 month high of $12.12. The company has a 50-day moving average price of $9.93 and a 200 day moving average price of $8.48.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.23). As a group, equities research analysts predict that NextDecade Corporation will post -0.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on NEXT shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $15.00 price target (up previously from $10.00) on shares of NextDecade in a report on Friday, July 11th. Seaport Res Ptn raised shares of NextDecade to a "strong-buy" rating in a report on Friday, July 25th. TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price target for the company in a report on Tuesday, June 24th. Finally, Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday, June 24th.

About NextDecade

NextDecade Corp. is a development company.

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