Schonfeld Strategic Advisors LLC Sells 49,800 Shares of NextDecade Co. (NASDAQ:NEXT)

Schonfeld Strategic Advisors LLC lowered its stake in shares of NextDecade Co. (NASDAQ:NEXT - Free Report) by 33.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,300 shares of the company's stock after selling 49,800 shares during the period. Schonfeld Strategic Advisors LLC's holdings in NextDecade were worth $750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Briaud Financial Planning Inc raised its stake in shares of NextDecade by 29.2% in the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company's stock valued at $71,000 after acquiring an additional 2,109 shares during the period. Mariner LLC raised its position in shares of NextDecade by 19.6% in the 4th quarter. Mariner LLC now owns 15,836 shares of the company's stock valued at $122,000 after purchasing an additional 2,592 shares in the last quarter. Rhumbline Advisers raised its position in shares of NextDecade by 1.9% in the 4th quarter. Rhumbline Advisers now owns 147,900 shares of the company's stock valued at $1,140,000 after purchasing an additional 2,722 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of NextDecade by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 325,367 shares of the company's stock valued at $2,509,000 after buying an additional 2,833 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of NextDecade by 7.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,594 shares of the company's stock worth $352,000 after buying an additional 3,082 shares in the last quarter. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Stock Down 3.6%

Shares of NextDecade stock traded down $0.30 during trading on Thursday, reaching $7.91. The company had a trading volume of 364,457 shares, compared to its average volume of 1,861,119. NextDecade Co. has a fifty-two week low of $4.27 and a fifty-two week high of $9.71. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market cap of $2.06 billion, a price-to-earnings ratio of -7.06 and a beta of 1.05. The firm's fifty day moving average is $7.58 and its 200-day moving average is $7.51.

NextDecade (NASDAQ:NEXT - Get Free Report) last released its quarterly earnings data 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). On average, analysts anticipate that NextDecade Co. will post -0.61 EPS for the current year.

NextDecade Profile

NextDecade Corp. is a development company.