California State Teachers Retirement System Grows Position in NextDecade Co. (NASDAQ:NEXT)

California State Teachers Retirement System boosted its stake in shares of NextDecade Co. (NASDAQ:NEXT - Free Report) by 50.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,544 shares of the company's stock after purchasing an additional 44,338 shares during the quarter. California State Teachers Retirement System owned about 0.05% of NextDecade worth $1,014,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEXT. Wolf Hill Capital Management LP raised its stake in NextDecade by 330.1% during the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company's stock worth $62,775,000 after acquiring an additional 6,248,757 shares in the last quarter. Millennium Management LLC raised its stake in NextDecade by 262.2% during the fourth quarter. Millennium Management LLC now owns 1,276,202 shares of the company's stock worth $9,840,000 after acquiring an additional 923,898 shares in the last quarter. Moore Capital Management LP acquired a new position in NextDecade during the fourth quarter worth about $2,815,000. Westwood Holdings Group Inc. raised its stake in NextDecade by 47.3% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,075,532 shares of the company's stock worth $8,292,000 after acquiring an additional 345,489 shares in the last quarter. Finally, Bardin Hill Management Partners LP raised 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 acquiring an additional 334,012 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company's stock.

NextDecade Trading Down 1.4%

Shares of NextDecade stock traded down $0.12 on Friday, hitting $8.32. The stock had a trading volume of 2,400,629 shares, compared to its average volume of 1,851,656. The stock has a 50 day moving average of $7.65 and a 200 day moving average of $7.68. NextDecade Co. has a twelve month low of $4.27 and a twelve month high of $9.71. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market capitalization of $2.17 billion, a P/E ratio of -7.43 and a beta of 1.10.

NextDecade Profile

NextDecade Corp. is a development company.