UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) by 16.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 144,778 shares of the company’s stock after acquiring an additional 19,939 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of NextDecade worth $682,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Marshall Wace LLP lifted 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 worth $102,000 after purchasing an additional 2,300 shares in the last quarter. Principal Financial Group Inc. increased its stake in NextDecade by 49.0% during the 2nd quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock worth $124,000 after buying an additional 5,133 shares during the period. Banque Pictet & Cie SA acquired a new position in NextDecade in the 2nd quarter worth $108,000. The Manufacturers Life Insurance Company boosted 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 buying an additional 14,451 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of NextDecade during the second quarter valued at about $122,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.
NextDecade Stock Up 4.0 %
Shares of NASDAQ NEXT opened at $6.56 on Friday. 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 Co. has a 1 year low of $4.26 and a 1 year high of $8.52. The stock’s 50-day simple moving average is $6.53 and its 200-day simple moving average is $6.41. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -5.86 and a beta of 1.29.
NextDecade Company Profile
NextDecade Corp. is a development company.
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