Wolf Hill Capital Management LP Makes New $7.10 Million Investment in NextDecade Co. (NASDAQ:NEXT)

Wolf Hill Capital Management LP acquired a new position in NextDecade Co. (NASDAQ:NEXT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 893,653 shares of the company’s stock, valued at approximately $7,096,000. NextDecade accounts for approximately 0.7% of Wolf Hill Capital Management LP’s holdings, making the stock its 19th biggest holding. Wolf Hill Capital Management LP owned about 0.35% of NextDecade as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NEXT. Price T Rowe Associates Inc. MD lifted its holdings in NextDecade by 12.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock valued at $128,000 after purchasing an additional 2,458 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in NextDecade by 49.0% in the 2nd quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock worth $124,000 after buying an additional 5,133 shares during the period. Amalgamated Bank boosted its holdings in NextDecade by 138.1% in the 4th quarter. Amalgamated Bank now owns 11,187 shares of the company’s stock worth $53,000 after buying an additional 6,489 shares during the period. Swiss National Bank increased its stake in NextDecade by 6.4% in the 1st quarter. Swiss National Bank now owns 177,200 shares of the company’s stock worth $1,006,000 after buying an additional 10,700 shares in the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in NextDecade during the second quarter valued at about $108,000. 66.74% of the stock is currently owned by institutional investors.

NextDecade Trading Down 3.7 %

NextDecade stock opened at $4.72 on Friday. NextDecade Co. has a 1 year low of $4.01 and a 1 year high of $8.52. The firm’s 50 day moving average price is $5.84 and its 200-day moving average price is $6.40. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 2.22.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.28). As a group, equities research analysts anticipate that NextDecade Co. will post -1.23 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Hgc Next Inv Llc acquired 11,690,909 shares of NextDecade stock in a transaction on Monday, July 29th. The shares were acquired at an average price of $7.50 per share, with a total value of $87,681,817.50. Following the purchase, the insider now directly owns 17,536,369 shares in the company, valued at approximately $131,522,767.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other NextDecade news, Director York Capital Management Global sold 35,072,737 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $7.50, for a total transaction of $263,045,527.50. Following the completion of the transaction, the director now owns 4,264,298 shares in the company, valued at $31,982,235. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hgc Next Inv Llc bought 11,690,909 shares of NextDecade stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of $7.50 per share, for a total transaction of $87,681,817.50. Following the completion of the acquisition, the insider now owns 17,536,369 shares in the company, valued at $131,522,767.50. The disclosure for this purchase can be found here. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, TD Cowen increased their target price on NextDecade from $7.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th.

NextDecade Company Profile

NextDecade Corp. is a development company.