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

Bank of America Corp DE lessened its stake in NextDecade Co. (NASDAQ:NEXT - Free Report) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,486,861 shares of the company's stock after selling 602,840 shares during the quarter. Bank of America Corp DE owned approximately 0.96% of NextDecade worth $19,174,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Bardin Hill Management Partners LP lifted its holdings in shares of NextDecade by 3.9% in 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 lifted its holdings in shares of NextDecade by 330.1% in 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 lifted its holdings in shares of NextDecade by 3.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company's stock valued at $28,916,000 after purchasing an additional 123,070 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NextDecade by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 3,075,331 shares of the company's stock valued at $23,717,000 after purchasing an additional 48,401 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NextDecade by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,101,775 shares of the company's stock valued at $8,495,000 after purchasing an additional 36,959 shares in the last quarter. Institutional investors own 66.74% of the company's stock.

NextDecade Stock Up 1.3%

Shares of NEXT stock traded up $0.10 during trading hours on Friday, reaching $7.53. The company had a trading volume of 1,694,846 shares, compared to its average volume of 1,866,226. The business has a fifty day simple moving average of $7.62 and a 200-day simple moving average of $7.60. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -6.72 and a beta of 1.05. NextDecade Co. has a 12 month low of $4.27 and a 12 month 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 issued its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.67). On average, research analysts expect that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

NextDecade Company Profile

NextDecade Corp. is a development company.