Bank of America Corp DE Sells 602,840 Shares of NextDecade Co. (NASDAQ:NEXT)

Bank of America Corp DE lowered its stake in shares of NextDecade Co. (NASDAQ:NEXT - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,486,861 shares of the company's stock after selling 602,840 shares during the quarter. Bank of America Corp DE owned 0.96% of NextDecade worth $19,174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bardin Hill Management Partners LP boosted its stake in NextDecade by 3.9% during the fourth quarter. Bardin Hill Management Partners LP now owns 8,917,873 shares of the company's stock worth $68,757,000 after buying an additional 334,012 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of NextDecade by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 312,066 shares of the company's stock worth $2,406,000 after purchasing an additional 15,566 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in NextDecade during the 4th quarter valued at about $572,000. Freestone Grove Partners LP purchased a new stake in NextDecade in the 4th quarter worth about $185,000. Finally, Northern Trust Corp lifted its stake in NextDecade by 5.6% in the fourth quarter. Northern Trust Corp now owns 1,077,687 shares of the company's stock worth $8,309,000 after purchasing an additional 56,895 shares during the last quarter. Hedge funds and other institutional investors own 66.74% of the company's stock.

NextDecade Stock Up 1.7%

Shares of NASDAQ:NEXT opened at $7.76 on Tuesday. The firm has a market capitalization of $2.02 billion, a PE ratio of -6.93 and a beta of 1.05. The business has a 50 day simple moving average of $7.63 and a two-hundred day simple moving average of $7.57. NextDecade Co. has a 1 year low of $4.27 and a 1 year high of $9.71. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing the consensus estimate of ($0.19) by ($1.67). On average, equities analysts predict that NextDecade Co. will post -0.61 EPS for the current year.

NextDecade Profile

NextDecade Corp. is a development company.

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