NextDecade Co. (NASDAQ:NEXT – Get Free Report)’s share price traded up 3.4% on Tuesday . The company traded as high as $7.27 and last traded at $7.22. 1,214,735 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 1,573,855 shares. The stock had previously closed at $6.98.
NextDecade Stock Performance
The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -6.63 and a beta of 1.29. The firm has a fifty day simple moving average of $6.75 and a 200 day simple moving average of $6.35. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17.
Institutional Investors Weigh In On NextDecade
Several institutional investors and hedge funds have recently bought and sold shares of NEXT. Captrust Financial Advisors increased its stake in NextDecade by 3.6% in the third quarter. Captrust Financial Advisors now owns 43,544 shares of the company’s stock valued at $205,000 after acquiring an additional 1,518 shares during the period. Marshall Wace LLP boosted its holdings in NextDecade by 21.9% during the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after purchasing an additional 2,300 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of NextDecade by 49.0% in the 2nd quarter. Principal Financial Group Inc. now owns 15,619 shares of the company’s stock valued at $124,000 after purchasing an additional 5,133 shares during the period. Twin Securities Inc. acquired a new position in shares of NextDecade in the 3rd quarter worth approximately $52,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of NextDecade by 23.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the company’s stock worth $594,000 after buying an additional 14,451 shares during the period. Institutional investors own 66.74% of the company’s stock.
About NextDecade
NextDecade Corp. is a development company.
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