Virtu Financial LLC Acquires Shares of 48,028 NextDecade Corporation $NEXT

Key Points

• Virtu Financial LLC acquired 48,028 shares of NextDecade Corporation, valued at approximately $374,000, during the first quarter of the year.
• NextDecade's stock decreased by 2.4%, reaching $9.73, with a market cap of $2.55 billion and a PE ratio of -12.47.
• Analysts are increasingly bullish on NextDecade, with several upgrading their ratings to "buy" and setting price targets as high as $15.00.

Virtu Financial LLC acquired a new stake in shares of NextDecade Corporation (NASDAQ:NEXT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 48,028 shares of the company's stock, valued at approximately $374,000.

A number of other hedge funds have also recently modified their holdings of NEXT. PNC Financial Services Group Inc. boosted its holdings in NextDecade by 137.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company's stock worth $25,000 after buying an additional 1,886 shares during the period. Mariner LLC boosted its holdings in NextDecade by 19.6% in the 4th quarter. Mariner LLC now owns 15,836 shares of the company's stock worth $122,000 after buying an additional 2,592 shares during the period. Pacer Advisors Inc. boosted its holdings in NextDecade by 1.9% in the 1st quarter. Pacer Advisors Inc. now owns 215,282 shares of the company's stock worth $1,675,000 after buying an additional 3,989 shares during the period. Deutsche Bank AG boosted its holdings in NextDecade by 4.1% in the 1st quarter. Deutsche Bank AG now owns 106,000 shares of the company's stock worth $825,000 after buying an additional 4,162 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in NextDecade by 16.3% in the 4th quarter. Two Sigma Investments LP now owns 32,861 shares of the company's stock worth $253,000 after buying an additional 4,605 shares during the period. Institutional investors own 66.74% of the company's stock.

NextDecade Price Performance

Shares of NASDAQ NEXT traded down $0.0950 during mid-day trading on Tuesday, hitting $9.6150. 298,565 shares of the company's stock traded hands, compared to its average volume of 2,158,973. The company's 50-day moving average is $9.93 and its two-hundred day moving average is $8.48. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $2.52 billion, a P/E ratio of -12.34 and a beta of 1.22. NextDecade Corporation has a 1 year low of $4.27 and a 1 year high of $12.12.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.23). On average, equities analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NEXT shares. Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating in a report on Tuesday, June 24th. Seaport Res Ptn raised shares of NextDecade to a "strong-buy" rating in a report on Friday, July 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $15.00 target price (up previously from $10.00) on shares of NextDecade in a report on Friday, July 11th. Finally, TD Cowen raised shares of NextDecade from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $13.00.

About NextDecade

NextDecade Corp. is a development company.