Alps Advisors Inc. Purchases 70,278 Shares of NextDecade Corporation (NASDAQ:NEXT)

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 Form 13F filing with the SEC. The institutional investor owned 341,735 shares of the company's stock after purchasing an additional 70,278 shares during the period. Alps Advisors Inc. owned about 0.13% of NextDecade worth $2,659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bardin Hill Management Partners LP lifted its position in shares of NextDecade by 3.9% in the fourth quarter. Bardin Hill Management Partners LP now owns 8,917,873 shares of the company's stock valued at $68,757,000 after acquiring an additional 334,012 shares in the last quarter. Wolf Hill Capital Management LP lifted its position in shares of NextDecade by 330.1% in the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company's stock valued at $62,775,000 after acquiring an additional 6,248,757 shares in the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of NextDecade by 22.6% in the first quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company's stock valued at $35,768,000 after acquiring an additional 846,937 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of NextDecade by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 3,075,331 shares of the company's stock valued at $23,717,000 after acquiring an additional 48,401 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of NextDecade by 262.2% in the fourth quarter. Millennium Management LLC now owns 1,276,202 shares of the company's stock valued at $9,840,000 after acquiring an additional 923,898 shares in the last quarter. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Cowen raised NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday, June 24th. Morgan Stanley lifted their target price on NextDecade from $10.00 to $15.00 and gave the stock an "overweight" rating in a report on Friday. Finally, TD Cowen raised NextDecade from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a report on Tuesday, June 24th.

NextDecade Trading Up 16.9%

Shares of NEXT traded up $1.56 during mid-day trading on Friday, reaching $10.77. 9,721,965 shares of the company's stock traded hands, compared to its average volume of 1,964,005. The stock has a market cap of $2.81 billion, a P/E ratio of -15.84 and a beta of 1.08. The stock's 50-day moving average is $8.26 and its two-hundred day moving average is $7.95. NextDecade Corporation has a 12 month low of $4.27 and a 12 month high of $10.79. The company has a debt-to-equity ratio of 2.64, a current ratio of 0.85 and a quick ratio of 0.85.

NextDecade Company Profile

NextDecade Corp. is a development company.