NextDecade Corporation $NEXT Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its position in shares of NextDecade Corporation (NASDAQ:NEXT) by 262.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 912,589 shares of the company’s stock after acquiring an additional 661,028 shares during the period. Tudor Investment Corp ET AL’s holdings in NextDecade were worth $6,196,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in NextDecade by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 10,378,992 shares of the company’s stock valued at $70,473,000 after purchasing an additional 52,803 shares in the last quarter. Bank of America Corp DE raised its position in NextDecade by 16.7% in the 2nd quarter. Bank of America Corp DE now owns 3,102,352 shares of the company’s stock valued at $27,642,000 after purchasing an additional 444,518 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in NextDecade by 1.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,945,794 shares of the company’s stock valued at $13,212,000 after purchasing an additional 22,414 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in NextDecade by 520.0% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,550,000 shares of the company’s stock valued at $13,810,000 after purchasing an additional 1,300,000 shares in the last quarter. Finally, Millennium Management LLC raised its position in NextDecade by 10.1% in the 1st quarter. Millennium Management LLC now owns 1,404,770 shares of the company’s stock valued at $10,929,000 after purchasing an additional 128,568 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Price Performance

Shares of NASDAQ NEXT opened at $8.74 on Wednesday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.54 and a current ratio of 0.54. NextDecade Corporation has a fifty-two week low of $4.75 and a fifty-two week high of $12.12. The firm has a market capitalization of $2.32 billion, a PE ratio of -7.47 and a beta of 1.69. The stock’s 50-day simple moving average is $6.10 and its 200-day simple moving average is $5.95.

NextDecade (NASDAQ:NEXT) last issued its earnings results on Friday, February 27th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.68) by ($0.20). As a group, equities research analysts forecast that NextDecade Corporation will post -0.61 EPS for the current fiscal year.

Insider Buying and Selling at NextDecade

In other NextDecade news, Director Pamela K.M. Beall bought 71,500 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of $7.07 per share, with a total value of $505,505.00. Following the transaction, the director owned 71,500 shares of the company’s stock, valued at approximately $505,505. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen reduced their price target on NextDecade from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a research report on Monday, December 29th. Capital One Financial assumed coverage on NextDecade in a research report on Friday, February 6th. They issued an “overweight” rating and a $7.00 price target on the stock. Finally, Morgan Stanley reduced their price target on NextDecade from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.67.

About NextDecade

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.