Hotchkis & Wiley Capital Management LLC lessened its position in shares of NextDecade Corporation (NASDAQ:NEXT - Free Report) by 50.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,316,012 shares of the company's stock after selling 2,355,838 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.89% of NextDecade worth $18,019,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NEXT. Wells Fargo & Company MN grew its holdings in shares of NextDecade by 48.0% in 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 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 during the last quarter. Legal & General Group Plc lifted its position in 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 during the last quarter. Renaissance Technologies LLC purchased a new position in shares of NextDecade in the 4th quarter worth $436,000. Finally, Barclays PLC increased its holdings in shares of NextDecade by 38.8% in the 4th quarter. Barclays PLC now owns 533,995 shares of the company's stock worth $4,117,000 after buying an additional 149,159 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently commented on NEXT shares. Seaport Res Ptn raised shares of NextDecade to a "strong-buy" rating in a report on Friday, July 25th. TD Cowen upgraded NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price objective on the stock in a research report on Tuesday, June 24th. Morgan Stanley reaffirmed an "overweight" rating and issued a $15.00 price objective (up from $10.00) on shares of NextDecade in a research note on Friday, July 11th. Finally, Cowen raised NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, NextDecade currently has a consensus rating of "Buy" and an average price target of $13.00.
Check Out Our Latest Stock Analysis on NextDecade
NextDecade Trading Down 0.8%
NextDecade stock traded down $0.08 during mid-day trading on Tuesday, hitting $10.35. The company's stock had a trading volume of 2,325,016 shares, compared to its average volume of 2,443,043. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.70 and a current ratio of 0.70. The company has a 50 day moving average of $10.15 and a 200-day moving average of $8.56. NextDecade Corporation has a one year low of $4.27 and a one year high of $12.12. The stock has a market cap of $2.71 billion, a PE ratio of -13.27 and a beta of 1.22.
NextDecade (NASDAQ:NEXT - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.23). On average, research analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current year.
About NextDecade
(
Free Report)
NextDecade Corp. is a development company.
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