Westwood Holdings Group Inc. Increases Stake in NextDecade Co. (NASDAQ:NEXT)

Westwood Holdings Group Inc. grew its holdings in NextDecade Co. (NASDAQ:NEXT) by 8.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415,675 shares of the company’s stock after buying an additional 32,605 shares during the quarter. Westwood Holdings Group Inc. owned 0.16% of NextDecade worth $3,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in shares of NextDecade by 12.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock valued at $128,000 after buying an additional 2,458 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of NextDecade by 49.0% in the second quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock valued at $124,000 after buying an additional 5,133 shares in the last quarter. Swiss National Bank increased its position in shares of NextDecade by 6.4% in the first quarter. Swiss National Bank now owns 177,200 shares of the company’s stock valued at $1,006,000 after buying an additional 10,700 shares in the last quarter. Banque Pictet & Cie SA purchased a new stake in shares of NextDecade in the second quarter valued at approximately $108,000. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC purchased a new stake in shares of NextDecade in the first quarter valued at approximately $87,000. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

NextDecade Stock Down 3.7 %

Shares of NEXT opened at $4.72 on Monday. 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 Co. has a one year low of $4.01 and a one year high of $8.52. The stock has a 50 day moving average price of $5.84 and a 200 day moving average price of $6.42.

NextDecade (NASDAQ:NEXT) last issued 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, analysts forecast that NextDecade Co. will post -1.23 EPS for the current fiscal year.

Insider Buying and Selling

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

NextDecade Company Profile

NextDecade Corp. is a development company.