NextDecade Co. (NASDAQ:NEXT – Get Free Report) saw unusually large options trading activity on Friday. Traders bought 13,847 call options on the company. This represents an increase of 408% compared to the typical volume of 2,725 call options.
NextDecade Stock Performance
NASDAQ:NEXT traded up $0.38 during mid-day trading on Friday, hitting $7.64. The stock had a trading volume of 773,518 shares, compared to its average volume of 1,798,166. NextDecade has a twelve month low of $4.27 and a twelve month high of $9.47. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -6.79 and a beta of 1.27. The company’s 50 day simple moving average is $7.97 and its 200 day simple moving average is $6.51. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new position in NextDecade in the third quarter valued at approximately $77,000. Harbor Capital Advisors Inc. raised its stake in NextDecade by 108.1% during the third quarter. Harbor Capital Advisors Inc. now owns 181,106 shares of the company’s stock worth $853,000 after buying an additional 94,076 shares during the last quarter. Van ECK Associates Corp raised its stake in NextDecade by 115.2% during the third quarter. Van ECK Associates Corp now owns 67,798 shares of the company’s stock worth $319,000 after buying an additional 36,291 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in NextDecade by 4.3% in the third quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock valued at $17,085,000 after purchasing an additional 150,800 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in NextDecade in the third quarter valued at $153,000. 66.74% of the stock is owned by institutional investors.
About NextDecade
NextDecade Corp. is a development company.
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