NextDecade Co. (NASDAQ:NEXT) Shares Bought by Ceeto Capital Group LLC

Ceeto Capital Group LLC grew its stake in NextDecade Co. (NASDAQ:NEXT) by 60.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,500 shares of the company’s stock after acquiring an additional 39,500 shares during the quarter. Ceeto Capital Group LLC’s holdings in NextDecade were worth $594,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NEXT. Vanguard Group Inc. boosted its position in NextDecade by 58.6% during the third quarter. Vanguard Group Inc. now owns 6,652,380 shares of the company’s stock worth $34,060,000 after acquiring an additional 2,459,173 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of NextDecade by 22.6% during the fourth quarter. Pacer Advisors Inc. now owns 169,879 shares of the company’s stock worth $810,000 after purchasing an additional 31,280 shares during the last quarter. Arizona State Retirement System grew its position in shares of NextDecade by 38.1% in the fourth quarter. Arizona State Retirement System now owns 23,622 shares of the company’s stock valued at $113,000 after purchasing an additional 6,523 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of NextDecade by 7,187.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 929,487 shares of the company’s stock valued at $4,434,000 after purchasing an additional 916,732 shares during the period. Finally, New York State Common Retirement Fund increased its stake in NextDecade by 74.7% in the fourth quarter. New York State Common Retirement Fund now owns 111,572 shares of the company’s stock valued at $532,000 after purchasing an additional 47,722 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

Analysts Set New Price Targets

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

NextDecade Price Performance

NextDecade stock remained flat at $7.77 during trading on Friday. 1,079,446 shares of the company were exchanged, compared to its average volume of 1,476,768. NextDecade Co. has a 52-week low of $4.01 and a 52-week high of $8.52. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.56 and a current ratio of 0.56. The business’s 50-day moving average price is $7.74 and its 200 day moving average price is $6.30.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.64). Sell-side analysts predict that NextDecade Co. will post -0.67 earnings per share for the current year.

NextDecade Company Profile

NextDecade Corp. is a development company.