State Street Corp grew its stake in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) by 7.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,330,172 shares of the company’s stock after buying an additional 155,309 shares during the quarter. State Street Corp owned 0.90% of NextDecade worth $10,975,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Encompass Capital Advisors LLC bought a new position in NextDecade during the 2nd quarter worth approximately $23,231,000. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of NextDecade by 97.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 4,623,370 shares of the company’s stock valued at $21,776,000 after purchasing an additional 2,286,050 shares during the period. Wolf Hill Capital Management LP bought a new position in shares of NextDecade in the second quarter worth approximately $7,096,000. Charles Schwab Investment Management Inc. increased its stake in shares of NextDecade by 43.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock worth $5,015,000 after buying an additional 321,603 shares during the period. Finally, Algert Global LLC raised its holdings in NextDecade by 236.7% during the 3rd quarter. Algert Global LLC now owns 386,142 shares of the company’s stock valued at $1,819,000 after buying an additional 271,458 shares during the last quarter. 66.74% of the stock is owned by institutional investors.
NextDecade Price Performance
Shares of NextDecade stock opened at $6.97 on Thursday. The company’s fifty day simple moving average is $6.66 and its two-hundred day simple moving average is $6.38. NextDecade Co. has a 12-month low of $4.26 and a 12-month high of $8.52. The firm has a market cap of $1.81 billion, a PE ratio of -6.22 and a beta of 1.29. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17.
NextDecade Profile
NextDecade Corp. is a development company.
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