MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in NextDecade Corporation $NEXT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stakes in NextDecade Corporation by 17.7%, holding 2,248,028 shares valued at approximately $17.49 million.
• NextDecade's stock is currently under analysis with a consensus rating of “Buy” and an average price target of $13.00, following positive upgrades from several research firms.
• The company reported earnings of ($0.23) per share and has a market cap of $2.01 billion, with a significant P/E ratio of -9.82.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NextDecade Corporation (NASDAQ:NEXT - Free Report) by 17.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,248,028 shares of the company's stock after purchasing an additional 338,429 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.86% of NextDecade worth $17,490,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NEXT. Nuveen LLC bought a new position in NextDecade during the 1st quarter valued at approximately $8,147,000. Brightline Capital Management LLC bought a new position in NextDecade during the 1st quarter valued at approximately $7,780,000. Millennium Management LLC raised its position in NextDecade by 262.2% during the 4th quarter. Millennium Management LLC now owns 1,276,202 shares of the company's stock valued at $9,840,000 after purchasing an additional 923,898 shares during the last quarter. Riposte Capital LLC bought a new position in NextDecade during the 1st quarter valued at approximately $6,613,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of NextDecade by 22.6% in the 1st 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 in the last quarter. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Stock Performance

NASDAQ NEXT traded down $0.82 on Friday, hitting $6.84. 10,187,568 shares of the company traded hands, compared to its average volume of 3,486,239. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -8.77 and a beta of 1.35. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.77. The business's 50 day moving average price is $10.43 and its 200-day moving average price is $8.73. NextDecade Corporation has a 52-week low of $4.59 and a 52-week high of $12.12.

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

Analyst Ratings Changes

NEXT has been the subject of several research reports. Zacks Research raised NextDecade from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Cowen raised NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th. TD Cowen raised NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research report on Tuesday, June 24th. Seaport Res Ptn raised NextDecade to a "strong-buy" rating in a research report on Friday, July 25th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $10.00 price objective (down previously from $15.00) on shares of NextDecade in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $10.50.

NextDecade Company Profile

NextDecade Corp. is a development company.