NextDecade Corporation (NASDAQ:NEXT - Get Free Report) shares shot up 7.5% during mid-day trading on Friday after Cowen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $9.85 and last traded at $9.90. 486,647 shares were traded during trading, a decline of 75% from the average session volume of 1,925,417 shares. The stock had previously closed at $9.21.
Separately, TD Cowen raised NextDecade from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a research report on Tuesday, June 24th.
Check Out Our Latest Report on NextDecade
Institutional Trading of NextDecade
Several large investors have recently bought and sold shares of NEXT. Bank of New York Mellon Corp increased its position in shares of NextDecade by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 325,367 shares of the company's stock worth $2,509,000 after acquiring an additional 2,833 shares during the last quarter. Steward Partners Investment Advisory LLC raised 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 valued at $35,000 after purchasing an additional 3,485 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NextDecade by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,101,775 shares of the company's stock valued at $8,495,000 after buying an additional 36,959 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of NextDecade during the fourth quarter worth approximately $537,000. Finally, Arizona State Retirement System grew its position in shares of NextDecade by 59.1% during the fourth quarter. Arizona State Retirement System now owns 41,360 shares of the company's stock worth $319,000 after buying an additional 15,360 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company's stock.
NextDecade Trading Up 4.2%
The firm has a market cap of $2.93 billion, a P/E ratio of -16.50 and a beta of 1.08. The business's 50 day moving average is $8.26 and its 200-day moving average is $7.97. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64.
NextDecade Company Profile
(
Get Free Report)
NextDecade Corp. is a development company.
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