Cetera Investment Advisers Invests $2.05 Million in NextDecade Corporation (NASDAQ:NEXT)

Cetera Investment Advisers purchased a new position in shares of NextDecade Corporation (NASDAQ:NEXT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 263,995 shares of the company's stock, valued at approximately $2,054,000. Cetera Investment Advisers owned about 0.10% of NextDecade as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. ELCO Management Co. LLC grew its stake in shares of NextDecade by 3.1% during the first quarter. ELCO Management Co. LLC now owns 170,468 shares of the company's stock worth $1,326,000 after acquiring an additional 5,155 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of NextDecade by 25.9% during the first quarter. Alps Advisors Inc. now owns 341,735 shares of the company's stock worth $2,659,000 after acquiring an additional 70,278 shares during the last quarter. SL Advisors LLC grew its stake in shares of NextDecade by 2.4% during the first quarter. SL Advisors LLC now owns 873,779 shares of the company's stock worth $6,798,000 after acquiring an additional 20,250 shares during the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of NextDecade by 22.6% during the first quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company's stock worth $35,768,000 after acquiring an additional 846,937 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of NextDecade during the first quarter worth about $163,000. Hedge funds and other institutional investors own 66.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NEXT shares. Morgan Stanley restated an "overweight" rating and set a $15.00 price target (up previously from $10.00) on shares of NextDecade in a research note on Friday, July 11th. Cowen upgraded NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th. TD Cowen upgraded NextDecade from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a research report on Tuesday, June 24th. Finally, Seaport Res Ptn upgraded NextDecade to a "strong-buy" rating in a research report on Friday, July 25th.

NextDecade Price Performance

Shares of NASDAQ NEXT opened at $10.45 on Friday. The business's 50 day moving average price is $9.66 and its 200 day moving average price is $8.40. The firm has a market cap of $2.74 billion, a P/E ratio of -13.40 and a beta of 1.22. NextDecade Corporation has a 52 week low of $4.27 and a 52 week high of $12.12. The company has a quick ratio of 0.85, a current ratio of 0.70 and a debt-to-equity ratio of 2.77.

NextDecade (NASDAQ:NEXT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported ($0.23) EPS for the quarter, meeting analysts' consensus estimates of ($0.23). On average, sell-side analysts expect that NextDecade Corporation will post -0.61 earnings per share for the current year.

About NextDecade

NextDecade Corp. is a development company.

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