Alps Advisors Inc. boosted its stake in shares of NextDecade Corporation (NASDAQ:NEXT - Free Report) by 25.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 341,735 shares of the company's stock after buying an additional 70,278 shares during the period. Alps Advisors Inc. owned approximately 0.13% of NextDecade worth $2,659,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mariner LLC increased its stake in NextDecade by 19.6% in the fourth quarter. Mariner LLC now owns 15,836 shares of the company's stock worth $122,000 after purchasing an additional 2,592 shares during the period. Bank of New York Mellon Corp increased its stake in shares of NextDecade by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 325,367 shares of the company's stock valued at $2,509,000 after buying an additional 2,833 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of NextDecade by 7.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,594 shares of the company's stock valued at $352,000 after buying an additional 3,082 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of NextDecade by 350.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock valued at $35,000 after buying an additional 3,485 shares during the period. Finally, Two Sigma Investments LP increased its stake in shares of NextDecade by 16.3% during the fourth quarter. Two Sigma Investments LP now owns 32,861 shares of the company's stock valued at $253,000 after buying an additional 4,605 shares during the period. Hedge funds and other institutional investors own 66.74% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on NEXT. 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 target for the company in a report on Tuesday, June 24th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $15.00 price target (up from $10.00) on shares of NextDecade in a research report on Friday.
Read Our Latest Stock Analysis on NextDecade
NextDecade Stock Performance
NextDecade stock traded up $0.22 during mid-day trading on Tuesday, reaching $11.44. 3,748,276 shares of the company were exchanged, compared to its average volume of 1,994,747. The firm has a market cap of $2.98 billion, a PE ratio of -16.82 and a beta of 1.08. The firm's 50-day simple moving average is $8.26 and its two-hundred day simple moving average is $7.97. NextDecade Corporation has a twelve month low of $4.27 and a twelve month high of $11.47. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85.
About NextDecade
(
Free Report)
NextDecade Corp. is a development company.
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