Tudor Investment Corp ET AL Sells 498,032 Shares of NextDecade Co. (NASDAQ:NEXT)

Tudor Investment Corp ET AL trimmed its position in NextDecade Co. (NASDAQ:NEXT - Free Report) by 85.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,936 shares of the company's stock after selling 498,032 shares during the period. Tudor Investment Corp ET AL's holdings in NextDecade were worth $632,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC grew its stake in NextDecade by 350.6% in the fourth 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. Mainstream Capital Management LLC acquired a new stake in shares of NextDecade in the fourth quarter valued at approximately $56,000. Tower Research Capital LLC TRC increased its holdings in shares of NextDecade by 201.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock worth $60,000 after acquiring an additional 5,212 shares during the last quarter. Briaud Financial Planning Inc lifted its holdings 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 last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of NextDecade in the fourth quarter valued at $83,000. 66.74% of the stock is currently owned by institutional investors.

NextDecade Stock Performance

Shares of NASDAQ NEXT traded up $0.66 during trading hours on Tuesday, reaching $8.41. 1,301,534 shares of the stock were exchanged, compared to its average volume of 1,860,017. The stock's fifty day simple moving average is $7.53 and its 200 day simple moving average is $7.50. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -7.51 and a beta of 1.05. NextDecade Co. has a 52 week low of $4.27 and a 52 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.

NextDecade (NASDAQ:NEXT - Get Free Report) last released 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). Sell-side analysts predict that NextDecade Co. will post -0.61 EPS for the current year.

NextDecade Profile

NextDecade Corp. is a development company.