Teacher Retirement System of Texas Acquires New Shares in NextDecade Corporation (NASDAQ:NEXT)

Teacher Retirement System of Texas acquired a new position in shares of NextDecade Corporation (NASDAQ:NEXT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,925 shares of the company's stock, valued at approximately $163,000.

Several other institutional investors and hedge funds also recently modified their holdings of NEXT. GAMMA Investing LLC boosted its position in NextDecade by 2,302.6% during the first quarter. GAMMA Investing LLC now owns 6,535 shares of the company's stock valued at $51,000 after purchasing an additional 6,263 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in NextDecade by 201.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock worth $60,000 after acquiring an additional 5,212 shares during the period. Broadway Wealth Solutions Inc. bought a new position in NextDecade during the 1st quarter worth $79,000. Quantinno Capital Management LP bought a new position in NextDecade during the 4th quarter worth $79,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of NextDecade in the 4th quarter valued at $82,000. 66.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NEXT shares. TD Cowen raised NextDecade from a "hold" rating to a "buy" rating and set a $11.00 price objective on the stock in a report on Tuesday, June 24th. Morgan Stanley reissued an "overweight" rating and issued a $15.00 price objective (up from $10.00) on shares of NextDecade in a research report on Friday, July 11th. Finally, Cowen raised NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th.

NextDecade Stock Performance

NEXT stock opened at $12.00 on Monday. The firm has a market cap of $3.13 billion, a PE ratio of -17.65 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64. The business has a 50 day moving average of $8.67 and a 200-day moving average of $8.11. NextDecade Corporation has a 12-month low of $4.27 and a 12-month high of $12.12.

NextDecade Company Profile

NextDecade Corp. is a development company.

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