NextDecade Co. (NASDAQ:NEXT) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in NextDecade Co. (NASDAQ:NEXT) by 25.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 10,462 shares of the company’s stock after selling 3,572 shares during the period. ProShare Advisors LLC’s holdings in NextDecade were worth $83,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NEXT. Principal Financial Group Inc. purchased a new stake in NextDecade in the first quarter valued at $60,000. Banque Pictet & Cie SA acquired a new stake in shares of NextDecade in the second quarter valued at approximately $108,000. nVerses Capital LLC acquired a new stake in shares of NextDecade in the second quarter valued at approximately $122,000. American Century Companies Inc. acquired a new stake in shares of NextDecade in the second quarter valued at approximately $157,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of NextDecade by 12.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock valued at $128,000 after purchasing an additional 2,458 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

Insider Transactions at NextDecade

In other NextDecade news, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was acquired at an average cost of $7.50 per share, with a total value of $87,681,817.50. Following the acquisition, the insider now owns 17,536,369 shares of the company’s stock, valued at approximately $131,522,767.50. This represents a 100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, major shareholder Hgc Next Inv Llc bought 11,690,909 shares of NextDecade stock in a transaction on Monday, July 29th. The stock was purchased at an average cost of $7.50 per share, with a total value of $87,681,817.50. Following the purchase, the insider now directly owns 17,536,369 shares of the company’s stock, valued at approximately $131,522,767.50. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director York Capital Management Global sold 35,072,737 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $7.50, for a total transaction of $263,045,527.50. Following the sale, the director now owns 4,264,298 shares in the company, valued at $31,982,235. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

NextDecade Stock Performance

Shares of NASDAQ NEXT opened at $5.09 on Tuesday. The firm’s 50 day moving average price is $5.17 and its 200 day moving average price is $6.38. NextDecade Co. has a 1 year low of $4.01 and a 1 year high of $8.52. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.45 and a current ratio of 0.45.

NextDecade (NASDAQ:NEXT) last issued its earnings results on Wednesday, August 14th. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.28). Equities analysts forecast that NextDecade Co. will post -1.23 EPS for the current fiscal year.

NextDecade Company Profile

NextDecade Corp. is a development company.