NextDecade Co. (NASDAQ:NEXT) Stock Position Lifted by Geode Capital Management LLC

Posted by Defense World Staff on Dec 31st, 2024

Geode Capital Management LLC lifted its holdings in NextDecade Co. (NASDAQ:NEXT – Free Report) by 24.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,026,930 shares of the company’s stock after purchasing an additional 600,630 shares during the quarter. Geode Capital Management LLC owned 1.16% of NextDecade worth $14,260,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NEXT. Twin Securities Inc. acquired a new stake in shares of NextDecade in the third quarter valued at $52,000. Marshall Wace LLP increased its position in NextDecade by 21.9% in the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after purchasing an additional 2,300 shares during the last quarter. nVerses Capital LLC acquired a new position in NextDecade in the 2nd quarter worth about $122,000. Principal Financial Group Inc. increased its position 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 purchasing an additional 5,133 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in NextDecade in the 3rd quarter worth about $77,000. Institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

Shares of NASDAQ NEXT opened at $6.98 on Tuesday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -6.23 and a beta of 1.29. The business’s 50-day simple moving average is $6.72 and its 200-day simple moving average is $6.36. NextDecade Co. has a 52 week low of $4.26 and a 52 week high of $8.52.