Invesco Ltd. lifted its stake in shares of NextDecade Co. (NASDAQ:NEXT - Free Report) by 502.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 169,425 shares of the company's stock after buying an additional 141,305 shares during the period. Invesco Ltd. owned approximately 0.07% of NextDecade worth $1,306,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Steward Partners Investment Advisory LLC lifted its stake in shares of NextDecade by 350.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company's stock worth $35,000 after buying an additional 3,485 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of NextDecade during the fourth quarter worth $56,000. Briaud Financial Planning Inc raised its holdings in shares of NextDecade by 29.2% during the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company's stock worth $71,000 after purchasing an additional 2,109 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of NextDecade during the fourth quarter worth $83,000. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of NextDecade during the fourth quarter worth $91,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.
NextDecade Trading Down 3.9 %
Shares of NextDecade stock opened at $7.48 on Thursday. 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 firm has a fifty day moving average price of $7.54 and a 200 day moving average price of $7.36. NextDecade Co. has a 1 year low of $4.27 and a 1 year high of $9.71. The stock has a market cap of $1.95 billion, a PE ratio of -6.68 and a beta of 0.80.
NextDecade (NASDAQ:NEXT - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($1.67). Equities research analysts predict that NextDecade Co. will post -0.61 earnings per share for the current year.
NextDecade Profile
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NextDecade Corp. is a development company.
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