Catalyst Capital Advisors LLC boosted its position in NextDecade Corporation (NASDAQ:NEXT - Free Report) by 22.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,597,423 shares of the company's stock after purchasing an additional 846,937 shares during the period. NextDecade comprises 0.7% of Catalyst Capital Advisors LLC's investment portfolio, making the stock its 27th biggest position. Catalyst Capital Advisors LLC owned approximately 1.77% of NextDecade worth $35,768,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of NEXT. Steward Partners Investment Advisory LLC lifted its position in shares of NextDecade by 350.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock valued at $35,000 after acquiring an additional 3,485 shares in the last quarter. GAMMA Investing LLC lifted its holdings in NextDecade by 2,302.6% in the 1st quarter. GAMMA Investing LLC now owns 6,535 shares of the company's stock valued at $51,000 after purchasing an additional 6,263 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of NextDecade by 201.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock worth $60,000 after purchasing an additional 5,212 shares during the last quarter. Briaud Financial Planning Inc grew its holdings in shares of NextDecade by 29.2% during the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company's stock worth $71,000 after buying an additional 2,109 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of NextDecade in the fourth quarter valued at approximately $79,000. 66.74% of the stock is owned by hedge funds and other institutional investors.
NextDecade Trading Up 2.0%
Shares of NASDAQ NEXT traded up $0.18 on Friday, reaching $9.12. 1,265,192 shares of the company traded hands, compared to its average volume of 1,910,297. The stock has a market capitalization of $2.38 billion, a PE ratio of -13.41 and a beta of 1.08. NextDecade Corporation has a fifty-two week low of $4.27 and a fifty-two week high of $9.71. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.64. The company has a 50 day moving average of $8.08 and a 200 day moving average of $7.86.
Wall Street Analysts Forecast Growth
Several analysts have commented on NEXT shares. TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 target price 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 report on Tuesday, June 24th.
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About NextDecade
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NextDecade Corp. is a development company.
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