Virtu Financial LLC Makes New $374,000 Investment in NextDecade Corporation (NASDAQ:NEXT)

Virtu Financial LLC purchased a new position in NextDecade Corporation (NASDAQ:NEXT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,028 shares of the company's stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 1,886 shares during the period. GAMMA Investing LLC boosted its stake in NextDecade by 2,302.6% in the 1st quarter. GAMMA Investing LLC now owns 6,535 shares of the company's stock worth $51,000 after purchasing an additional 6,263 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of NextDecade by 201.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock valued at $60,000 after acquiring an additional 5,212 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of NextDecade during the 4th quarter valued at approximately $79,000. Finally, Broadway Wealth Solutions Inc. bought a new position in shares of NextDecade during the 1st quarter valued at approximately $79,000. 66.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on NEXT. Cowen upgraded NextDecade from a "hold" rating to a "buy" rating in a research report on Tuesday, June 24th. Seaport Res Ptn upgraded NextDecade to a "strong-buy" rating in a research report on Friday, July 25th. Morgan Stanley reiterated an "overweight" rating and set a $15.00 target price (up from $10.00) on shares of NextDecade in a research report on Friday, July 11th. Finally, TD Cowen upgraded NextDecade from a "hold" rating to a "buy" rating and set a $11.00 target price for the company in a research report on Tuesday, June 24th.

NextDecade Stock Down 2.4%

Shares of NEXT opened at $9.97 on Friday. The company has a market cap of $2.61 billion, a PE ratio of -12.78 and a beta of 1.22. The business has a fifty day moving average of $9.88 and a 200 day moving average of $8.46. NextDecade Corporation has a 52-week low of $4.27 and a 52-week high of $12.12. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.77.

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

NextDecade Company Profile

NextDecade Corp. is a development company.

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