Principal Financial Group Inc. lowered its stake in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) by 30.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,810 shares of the company’s stock after selling 4,809 shares during the period. Principal Financial Group Inc.’s holdings in NextDecade were worth $51,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Marshall Wace LLP lifted its stake in NextDecade by 21.9% during the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after purchasing an additional 2,300 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 acquiring an additional 2,458 shares in the last quarter. Banque Pictet & Cie SA purchased a new position in NextDecade during the 2nd quarter valued at about $108,000. The Manufacturers Life Insurance Company grew its position in NextDecade by 23.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the company’s stock valued at $594,000 after acquiring an additional 14,451 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in NextDecade during the second quarter worth about $122,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.
NextDecade Trading Down 2.6 %
NASDAQ NEXT opened at $7.18 on Wednesday. NextDecade Co. has a one year low of $4.26 and a one year high of $8.52. The firm has a 50 day simple moving average of $5.83 and a 200-day simple moving average of $6.43. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -6.58 and a beta of 1.25. 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 Profile
NextDecade Corp. is a development company.
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