Fox Run Management L.L.C. reduced its position in shares of 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 institutional investor owned 27,886 shares of the company's stock after selling 38,853 shares during the period. Fox Run Management L.L.C.'s holdings in NextDecade were worth $217,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in NEXT. Wells Fargo & Company MN lifted its position in shares of NextDecade by 48.0% during the fourth quarter. Wells Fargo & Company MN now owns 56,776 shares of the company's stock valued at $438,000 after purchasing an additional 18,414 shares in the last quarter. Invesco Ltd. lifted its position in shares of NextDecade by 502.5% during the fourth quarter. Invesco Ltd. now owns 169,425 shares of the company's stock valued at $1,306,000 after purchasing an additional 141,305 shares in the last quarter. Legal & General Group Plc lifted its position in shares of NextDecade by 21.7% during the fourth quarter. Legal & General Group Plc now owns 141,840 shares of the company's stock valued at $1,094,000 after purchasing an additional 25,336 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of NextDecade during the fourth quarter valued at about $436,000. Finally, Barclays PLC lifted its position in shares of NextDecade by 38.8% during the fourth quarter. Barclays PLC now owns 533,995 shares of the company's stock valued at $4,117,000 after purchasing an additional 149,159 shares in the last quarter. 66.74% of the stock is owned by institutional investors.
Analyst Ratings Changes
NEXT has been the topic of a number of recent analyst reports. 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. Morgan Stanley reissued an "overweight" rating and set a $15.00 price target (up from $10.00) on shares of NextDecade in a research report on Friday, July 11th. Cowen upgraded shares of NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday, June 24th. Finally, Seaport Res Ptn upgraded shares of NextDecade to a "strong-buy" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, NextDecade currently has an average rating of "Buy" and an average price target of $13.00.
Read Our Latest Research Report on NextDecade
NextDecade Price Performance
NextDecade stock traded down $0.07 during midday trading on Friday, reaching $10.24. 2,502,064 shares of the stock were exchanged, compared to its average volume of 2,466,390. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.70 and a current ratio of 0.70. NextDecade Corporation has a 52 week low of $4.27 and a 52 week high of $12.12. The firm has a market cap of $2.68 billion, a PE ratio of -13.13 and a beta of 1.22. The company's fifty day moving average is $10.06 and its 200-day moving average is $8.52.
NextDecade (NASDAQ:NEXT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.23) EPS for the quarter, hitting analysts' consensus estimates of ($0.23). On average, sell-side analysts forecast that NextDecade Corporation will post -0.61 EPS for the current year.
NextDecade Profile
(
Free Report)
NextDecade Corp. is a development company.
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