Tortoise Capital Advisors L.L.C. Has $13.68 Million Position in NextDecade Co. (NASDAQ:NEXT)

Tortoise Capital Advisors L.L.C. reduced its stake in NextDecade Co. (NASDAQ:NEXT - Free Report) by 38.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,774,551 shares of the company's stock after selling 1,116,061 shares during the quarter. Tortoise Capital Advisors L.L.C. owned about 0.68% of NextDecade worth $13,682,000 as of its most recent SEC filing.

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

NextDecade Trading Down 3.2 %

NextDecade stock traded down $0.24 during midday trading on Friday, reaching $7.32. The stock had a trading volume of 573,561 shares, compared to its average volume of 1,864,490. The firm's fifty day simple moving average is $7.59 and its two-hundred day simple moving average is $7.30. 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 Co. has a twelve month low of $4.27 and a twelve month high of $9.71. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -6.53 and a beta of 0.80.

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

NextDecade Profile

NextDecade Corp. is a development company.