ARS Investment Partners LLC Purchases Shares of 16,101 NextDecade Co. (NASDAQ:NEXT)

Posted by Micah Haroldson on Jan 22nd, 2025

ARS Investment Partners LLC acquired a new position in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,101 shares of the company’s stock, valued at approximately $124,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEXT. M.E. Allison & CO. Inc. bought a new position in shares of NextDecade in the fourth quarter valued at approximately $890,000. Harbor Capital Advisors Inc. raised its position in NextDecade by 9.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 198,053 shares of the company’s stock valued at $1,527,000 after purchasing an additional 16,947 shares during the last quarter. SL Advisors LLC boosted its stake in NextDecade by 3.6% in the fourth quarter. SL Advisors LLC now owns 853,529 shares of the company’s stock worth $6,581,000 after purchasing an additional 30,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NextDecade by 24.8% during the third quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock worth $14,260,000 after purchasing an additional 600,630 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of NextDecade in the third quarter valued at $140,000. 66.74% of the stock is owned by institutional investors.

NextDecade Trading Down 0.5 %

NEXT opened at $9.05 on Wednesday. NextDecade Co. has a 1-year low of $4.27 and a 1-year high of $9.47. The stock has a market capitalization of $2.36 billion, a PE ratio of -8.08 and a beta of 1.29. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. The firm has a 50-day moving average price of $7.42 and a two-hundred day moving average price of $6.39.

NextDecade (NASDAQ:NEXT – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $1.02. As a group, equities analysts anticipate that NextDecade Co. will post -0.59 earnings per share for the current fiscal year.