Webs Creek Capital Management LP Increases Position in NextDecade Co. (NASDAQ:NEXT)

Webs Creek Capital Management LP boosted its stake in shares of NextDecade Co. (NASDAQ:NEXT - Free Report) by 137.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 285,000 shares of the company's stock after buying an additional 165,000 shares during the quarter. NextDecade accounts for approximately 0.5% of Webs Creek Capital Management LP's portfolio, making the stock its 13th largest holding. Webs Creek Capital Management LP owned 0.11% of NextDecade worth $2,197,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in NextDecade by 20.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 44,982 shares of the company's stock worth $347,000 after buying an additional 7,545 shares during the period. Quantessence Capital LLC acquired a new position in NextDecade during the fourth quarter worth about $283,000. Wolf Hill Capital Management LP lifted its holdings in shares of NextDecade by 330.1% in the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company's stock valued at $62,775,000 after purchasing an additional 6,248,757 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of NextDecade by 621.4% in the fourth quarter. Stifel Financial Corp now owns 73,129 shares of the company's stock valued at $564,000 after purchasing an additional 62,992 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of NextDecade by 201.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company's stock valued at $60,000 after purchasing an additional 5,212 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Price Performance

Shares of NASDAQ NEXT traded down $0.03 on Tuesday, hitting $7.66. The company's stock had a trading volume of 235,487 shares, compared to its average volume of 1,865,058. NextDecade Co. has a 12-month low of $4.27 and a 12-month high of $9.71. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of -6.83 and a beta of 0.80. 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 stock has a 50 day moving average of $7.55 and a 200-day moving average of $7.36.

NextDecade (NASDAQ:NEXT - Get Free Report) last announced its quarterly 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). As a group, research analysts predict that NextDecade Co. will post -0.61 EPS for the current year.

NextDecade Profile

NextDecade Corp. is a development company.