JPMorgan Chase & Co. Sells 586,189 Shares of NextDecade Co. (NASDAQ:NEXT)

Posted by Defense World Staff on Jan 28th, 2025

JPMorgan Chase & Co. trimmed its holdings in NextDecade Co. (NASDAQ:NEXT – Free Report) by 82.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,682 shares of the company’s stock after selling 586,189 shares during the quarter. JPMorgan Chase & Co.’s holdings in NextDecade were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. American Century Companies Inc. acquired a new position in NextDecade during the 2nd quarter valued at $157,000. Marshall Wace LLP raised its position in shares of NextDecade by 21.9% during the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after buying an additional 2,300 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of NextDecade by 23.9% in the second quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the company’s stock valued at $594,000 after buying an additional 14,451 shares during the period. Algert Global LLC acquired a new stake in NextDecade during the second quarter worth about $911,000. Finally, SG Americas Securities LLC acquired a new stake in NextDecade during the third quarter worth about $138,000. 66.74% of the stock is owned by institutional investors.

NextDecade Trading Down 4.3 %

NextDecade stock opened at $8.15 on Tuesday. The business has a 50 day moving average price of $7.51 and a two-hundred day moving average price of $6.41. 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 Co. has a 12 month low of $4.27 and a 12 month high of $9.47. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -7.27 and a beta of 1.29.

NextDecade (NASDAQ:NEXT – Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $1.02. As a group, equities analysts forecast that NextDecade Co. will post -0.59 EPS for the current year.