Rhumbline Advisers Purchases 2,722 Shares of NextDecade Co. (NASDAQ:NEXT)

Rhumbline Advisers increased its position in NextDecade Co. (NASDAQ:NEXT) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,900 shares of the company’s stock after purchasing an additional 2,722 shares during the period. Rhumbline Advisers owned 0.06% of NextDecade worth $1,140,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Twin Securities Inc. purchased a new stake in shares of NextDecade in the 3rd quarter worth about $52,000. Wealth Enhancement Advisory Services LLC bought a new stake in NextDecade during the third quarter worth about $77,000. Stoneridge Investment Partners LLC purchased a new stake in NextDecade in the fourth quarter worth about $91,000. ARS Investment Partners LLC bought a new position in shares of NextDecade during the fourth quarter valued at approximately $124,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of NextDecade during the third quarter valued at approximately $140,000. Institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

Shares of NEXT opened at $7.64 on Thursday. NextDecade Co. has a 52 week low of $4.27 and a 52 week high of $9.47. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. The stock has a market cap of $1.99 billion, a P/E ratio of -6.82 and a beta of 1.18. The business’s 50 day moving average price is $8.02 and its 200-day moving average price is $6.60.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). Equities research analysts anticipate that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.

About NextDecade

NextDecade Corp. is a development company.