NextDecade (NASDAQ:NEXT) Stock Price Up 6.9%

NextDecade Co. (NASDAQ:NEXT)’s stock price was up 6.9% during mid-day trading on Thursday . The company traded as high as $4.72 and last traded at $4.67. Approximately 435,369 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,523,574 shares. The stock had previously closed at $4.37.

Analyst Ratings Changes

Separately, TD Cowen increased their target price on NextDecade from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, June 6th.

NextDecade Stock Performance

The business’s fifty day moving average price is $6.46 and its two-hundred day moving average price is $6.41. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 2.22.

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, equities analysts forecast that NextDecade Co. will post -1.23 earnings per share for the current fiscal year.

Insider Activity at NextDecade

In other NextDecade news, Director York Capital Management Global sold 35,072,737 shares of NextDecade stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $7.50, for a total transaction of $263,045,527.50. Following the completion of the transaction, the director now directly owns 4,264,298 shares of the company’s stock, valued at $31,982,235. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other NextDecade 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 stock was sold at an average price of $7.50, for a total transaction of $263,045,527.50. Following the completion of the transaction, the director now owns 4,264,298 shares in the company, valued at $31,982,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hgc Next Inv Llc purchased 11,690,909 shares of NextDecade stock in a transaction dated 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 completion of the acquisition, the insider now owns 17,536,369 shares of the company’s stock, valued at approximately $131,522,767.50. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Trading of NextDecade

Several institutional investors and hedge funds have recently made changes to their positions in NEXT. New York State Common Retirement Fund increased its stake in NextDecade by 74.7% in the 4th quarter. New York State Common Retirement Fund now owns 111,572 shares of the company’s stock worth $532,000 after buying an additional 47,722 shares during the period. Swiss National Bank increased its position in shares of NextDecade by 26.1% during the fourth quarter. Swiss National Bank now owns 166,500 shares of the company’s stock worth $794,000 after acquiring an additional 34,500 shares during the period. Amalgamated Bank raised its stake in shares of NextDecade by 138.1% during the fourth quarter. Amalgamated Bank now owns 11,187 shares of the company’s stock valued at $53,000 after acquiring an additional 6,489 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of NextDecade in the fourth quarter valued at approximately $153,000. Finally, Westwood Holdings Group Inc. grew its stake in NextDecade by 2,290.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 414,786 shares of the company’s stock worth $1,979,000 after purchasing an additional 397,433 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors.

About NextDecade

NextDecade Corp. is a development company.