NextDecade Co. (NASDAQ:NEXT - Get Free Report) was the recipient of some unusual options trading on Tuesday. Investors acquired 17,321 call options on the stock. This represents an increase of 300% compared to the average volume of 4,334 call options.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Bardin Hill Management Partners LP boosted its stake in NextDecade by 3.9% in the fourth quarter. Bardin Hill Management Partners LP now owns 8,917,873 shares of the company's stock worth $68,757,000 after buying an additional 334,012 shares in the last quarter. Wolf Hill Capital Management LP boosted its stake in NextDecade by 330.1% in the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company's stock worth $62,775,000 after buying an additional 6,248,757 shares in the last quarter. Catalyst Capital Advisors LLC boosted its stake in NextDecade by 22.6% in the first quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company's stock worth $35,768,000 after buying an additional 846,937 shares in the last quarter. Geode Capital Management LLC boosted its stake in NextDecade by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 3,075,331 shares of the company's stock worth $23,717,000 after buying an additional 48,401 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NextDecade by 17.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248,028 shares of the company's stock worth $17,490,000 after buying an additional 338,429 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company's stock.
NextDecade Price Performance
Shares of NEXT traded down $0.07 during midday trading on Friday, hitting $7.63. 1,439,782 shares of the company traded hands, compared to its average volume of 1,870,424. The stock has a 50-day moving average of $7.61 and a 200-day moving average of $7.53. NextDecade has a one year low of $4.27 and a one year high of $9.71. The firm has a market cap of $1.99 billion, a P/E ratio of -6.81 and a beta of 1.05. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49.
NextDecade (NASDAQ:NEXT - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($1.67). As a group, sell-side analysts predict that NextDecade will post -0.61 EPS for the current fiscal year.
About NextDecade
(
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NextDecade Corp. is a development company.
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