Fox Run Management L.L.C. lowered its stake in NextDecade Corporation (NASDAQ:NEXT - Free Report) by 58.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,886 shares of the company's stock after selling 38,853 shares during the quarter. Fox Run Management L.L.C.'s holdings in NextDecade were worth $217,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the business. Bardin Hill Management Partners LP lifted its position in shares of 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 purchasing an additional 334,012 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position 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 purchasing an additional 846,937 shares in the last quarter. Millennium Management LLC lifted its position in shares of 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 purchasing an additional 923,898 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of NextDecade by 9.7% during the first quarter. Westwood Holdings Group Inc. now owns 1,179,636 shares of the company's stock worth $9,178,000 after purchasing an additional 104,104 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of NextDecade by 5.6% during the fourth quarter. Northern Trust Corp now owns 1,077,687 shares of the company's stock worth $8,309,000 after purchasing an additional 56,895 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on NEXT shares. TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research report on Tuesday, June 24th. Seaport Res Ptn upgraded shares of NextDecade to a "strong-buy" rating in a research note on Friday, July 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $15.00 target price (up previously from $10.00) on shares of NextDecade in a report on Friday, July 11th. Finally, Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $13.00.
Check Out Our Latest Stock Analysis on NextDecade
NextDecade Stock Down 0.8%
NextDecade stock traded down $0.08 during mid-day trading on Tuesday, hitting $10.35. The company had a trading volume of 2,325,016 shares, compared to its average volume of 2,443,043. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -13.27 and a beta of 1.22. NextDecade Corporation has a 1 year low of $4.27 and a 1 year high of $12.12. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.77. The business has a fifty day moving average of $10.15 and a 200 day moving average of $8.56.
NextDecade (NASDAQ:NEXT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported ($0.23) EPS for the quarter, meeting the consensus estimate of ($0.23). On average, sell-side analysts expect that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.
About NextDecade
(
Free Report)
NextDecade Corp. is a development company.
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