NextDecade Corporation $NEXT Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. significantly increased its stake in NextDecade Corporation by 440.5% during Q1, owning a total of 223,354 shares valued at approximately $1.74 million.
• Several other institutional investors also boosted their positions in NextDecade, with reported investments by Nuveen LLC and Millennium Management LLC, highlighting a trend of increased interest in the company.
• NextDecade has received several positive analyst ratings, with a consensus rating of "Buy" and an average price target of $13.00, indicating potential for growth in the stock.

American Century Companies Inc. increased its stake in shares of NextDecade Corporation (NASDAQ:NEXT - Free Report) by 440.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 223,354 shares of the company's stock after buying an additional 182,032 shares during the period. American Century Companies Inc. owned about 0.09% of NextDecade worth $1,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of NextDecade by 48.0% in the fourth quarter. Wells Fargo & Company MN now owns 56,776 shares of the company's stock valued at $438,000 after purchasing an additional 18,414 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of NextDecade in the fourth quarter valued at about $436,000. Mariner LLC lifted its holdings in shares of NextDecade by 19.6% in the fourth quarter. Mariner LLC now owns 15,836 shares of the company's stock valued at $122,000 after purchasing an additional 2,592 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of NextDecade in the fourth quarter valued at about $139,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of NextDecade by 15.2% in the fourth quarter. MetLife Investment Management LLC now owns 67,009 shares of the company's stock valued at $517,000 after purchasing an additional 8,843 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company's stock.

NextDecade Trading Down 2.2%

NEXT stock traded down $0.24 on Wednesday, hitting $10.45. 1,606,732 shares of the company were exchanged, compared to its average volume of 2,520,624. NextDecade Corporation has a twelve month low of $4.27 and a twelve month high of $12.12. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.70 and a quick ratio of 0.70. The business's fifty day moving average is $10.39 and its two-hundred day moving average is $8.66. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -13.40 and a beta of 1.35.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a report on Tuesday, June 24th. Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday, June 24th. Seaport Res Ptn raised shares of NextDecade to a "strong-buy" rating in a report on Friday, July 25th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, NextDecade presently has an average rating of "Buy" and a consensus price target of $13.00.

NextDecade Company Profile

NextDecade Corp. is a development company.