Mercer Global Advisors Inc. ADV Invests $572,000 in NextDecade Co. (NASDAQ:NEXT)

Mercer Global Advisors Inc. ADV bought a new position in NextDecade Co. (NASDAQ:NEXT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 74,143 shares of the company's stock, valued at approximately $572,000.

Several other hedge funds also recently made changes to their positions in NEXT. Steward Partners Investment Advisory LLC grew its position in shares of NextDecade by 350.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock worth $35,000 after acquiring an additional 3,485 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in NextDecade during the 4th quarter valued at approximately $56,000. Tower Research Capital LLC TRC boosted its position in 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 purchasing an additional 5,212 shares during the period. Briaud Financial Planning Inc boosted its position in NextDecade by 29.2% during the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company's stock valued at $71,000 after purchasing an additional 2,109 shares during the period. Finally, Cibc World Markets Corp acquired a new position in NextDecade during the 4th quarter valued at approximately $83,000. Institutional investors and hedge funds own 66.74% of the company's stock.

NextDecade Trading Up 1.0%

NASDAQ:NEXT opened at $7.75 on Tuesday. NextDecade Co. has a 12-month low of $4.27 and a 12-month high of $9.71. The firm has a market capitalization of $2.02 billion, a P/E ratio of -6.92 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. The business has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $7.50.

NextDecade (NASDAQ:NEXT - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.19) by ($1.67). Equities research analysts predict that NextDecade Co. will post -0.61 EPS for the current year.

NextDecade Profile

NextDecade Corp. is a development company.

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