Catalyst Capital Advisors LLC boosted its holdings in NextDecade Corporation (NASDAQ:NEXT - Free Report) by 22.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,597,423 shares of the company's stock after purchasing an additional 846,937 shares during the quarter. NextDecade comprises 0.7% of Catalyst Capital Advisors LLC's holdings, making the stock its 27th largest holding. Catalyst Capital Advisors LLC owned 1.77% of NextDecade worth $35,768,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new stake in NextDecade in the first quarter valued at approximately $163,000. Jaffetilchin Investment Partners LLC acquired a new stake in NextDecade in the first quarter valued at approximately $202,000. Harbour Capital Advisors LLC acquired a new stake in NextDecade in the first quarter valued at approximately $577,000. Exchange Traded Concepts LLC grew its stake in NextDecade by 258.0% in the first quarter. Exchange Traded Concepts LLC now owns 22,540 shares of the company's stock valued at $175,000 after acquiring an additional 16,244 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in NextDecade by 33.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 802,727 shares of the company's stock valued at $6,245,000 after acquiring an additional 200,000 shares during the period. 66.74% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
NEXT has been the subject of a number of research reports. TD Cowen raised NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research note on Tuesday, June 24th. Cowen raised NextDecade from a "hold" rating to a "buy" rating in a research note on Tuesday, June 24th.
Get Our Latest Stock Analysis on NEXT
NextDecade Stock Down 0.2%
Shares of NASDAQ:NEXT traded down $0.02 during mid-day trading on Monday, hitting $9.12. 2,734,854 shares of the company traded hands, compared to its average volume of 1,917,628. The stock has a market cap of $2.38 billion, a P/E ratio of -13.41 and a beta of 1.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.64. NextDecade Corporation has a 12-month low of $4.27 and a 12-month high of $9.71. The stock has a 50-day moving average price of $8.11 and a two-hundred day moving average price of $7.89.
NextDecade Company Profile
(
Free Report)
NextDecade Corp. is a development company.
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