Valinor Management L.P. cut its position in NextDecade Co. (NASDAQ:NEXT – Free Report) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,751,760 shares of the company’s stock after selling 149,520 shares during the period. NextDecade comprises about 100.0% of Valinor Management L.P.’s portfolio, making the stock its biggest holding. Valinor Management L.P. owned approximately 0.05% of NextDecade worth $64,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC increased its stake in NextDecade by 4.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock worth $17,085,000 after acquiring an additional 150,800 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of NextDecade during the 2nd quarter worth $23,231,000. Harbor Capital Advisors Inc. increased its position in shares of NextDecade by 108.1% in the third quarter. Harbor Capital Advisors Inc. now owns 181,106 shares of the company’s stock worth $853,000 after purchasing an additional 94,076 shares during the period. Bank of New York Mellon Corp raised its stake in NextDecade by 108.5% in the second quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company’s stock valued at $3,504,000 after purchasing an additional 229,646 shares in the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in NextDecade during the second quarter worth about $7,096,000. 66.74% of the stock is owned by institutional investors and hedge funds.
NextDecade Stock Down 2.6 %
NEXT stock opened at $7.18 on Wednesday. The company’s 50-day moving average price is $5.83 and its two-hundred day moving average price is $6.43. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49. NextDecade Co. has a 12 month low of $4.26 and a 12 month high of $8.52.
NextDecade Profile
NextDecade Corp. is a development company.
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