The Manufacturers Life Insurance Company Purchases 14,451 Shares of NextDecade Co. (NASDAQ:NEXT)

The Manufacturers Life Insurance Company grew its position in NextDecade Co. (NASDAQ:NEXT) by 23.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,829 shares of the company’s stock after acquiring an additional 14,451 shares during the period. The Manufacturers Life Insurance Company’s holdings in NextDecade were worth $594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. bought a new stake in shares of NextDecade during the 1st quarter worth about $60,000. Marshall Wace LLP boosted its holdings in shares of NextDecade by 21.9% during the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after buying an additional 2,300 shares during the period. Banque Pictet & Cie SA bought a new stake in shares of NextDecade during the 2nd quarter worth about $108,000. nVerses Capital LLC bought a new stake in shares of NextDecade during the 2nd quarter worth about $122,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of NextDecade by 12.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock worth $128,000 after buying an additional 2,458 shares during the period. Institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

Shares of NEXT stock opened at $5.43 on Wednesday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -31.94 and a beta of 1.28. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.45 and a current ratio of 0.45. The company has a 50-day simple moving average of $4.87 and a 200 day simple moving average of $6.37. NextDecade Co. has a 52 week low of $4.01 and a 52 week high of $8.52.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.28). On average, sell-side analysts predict that NextDecade Co. will post -1.23 earnings per share for the current year.

Insiders Place Their Bets

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

About NextDecade

NextDecade Corp. is a development company.