Principal Financial Group Inc. lessened its position in NextDecade Co. (NASDAQ:NEXT – Free Report) by 30.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,810 shares of the company’s stock after selling 4,809 shares during the quarter. Principal Financial Group Inc.’s holdings in NextDecade were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in NextDecade by 108.5% during the second quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company’s stock valued at $3,504,000 after buying an additional 229,646 shares during the period. Rhumbline Advisers increased its stake in shares of NextDecade by 49.4% in the 2nd quarter. Rhumbline Advisers now owns 157,612 shares of the company’s stock worth $1,251,000 after acquiring an additional 52,128 shares in the last quarter. American Century Companies Inc. bought a new position in shares of NextDecade in the 2nd quarter worth about $157,000. Wolf Hill Capital Management LP purchased a new position in NextDecade during the 2nd quarter valued at about $7,096,000. Finally, Westwood Holdings Group Inc. boosted its stake in NextDecade by 8.5% during the second quarter. Westwood Holdings Group Inc. now owns 415,675 shares of the company’s stock worth $3,300,000 after acquiring an additional 32,605 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.
NextDecade Price Performance
Shares of NASDAQ NEXT opened at $7.71 on Wednesday. The company has a 50 day simple moving average of $7.02 and a two-hundred day simple moving average of $6.36. NextDecade Co. has a fifty-two week low of $4.26 and a fifty-two week high of $8.52. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -6.88 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49.
NextDecade Company Profile
NextDecade Corp. is a development company.
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