NextDecade Corporation $NEXT Position Increased by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP raised its holdings in shares of NextDecade Corporation (NASDAQ:NEXT) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,698,857 shares of the company’s stock after purchasing an additional 761,299 shares during the period. NextDecade comprises about 2.2% of Wolf Hill Capital Management LP’s portfolio, making the stock its 12th largest holding. Wolf Hill Capital Management LP owned approximately 1.40% of NextDecade worth $19,493,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NEXT. Comerica Bank increased its stake in NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after purchasing an additional 1,900 shares during the last quarter. AQR Capital Management LLC bought a new stake in NextDecade during the first quarter valued at $386,000. Millennium Management LLC increased its stake in NextDecade by 10.1% during the first quarter. Millennium Management LLC now owns 1,404,770 shares of the company’s stock valued at $10,929,000 after purchasing an additional 128,568 shares during the last quarter. Caxton Associates LLP bought a new stake in NextDecade during the first quarter valued at $185,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NextDecade by 13.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 277,307 shares of the company’s stock valued at $2,157,000 after purchasing an additional 33,941 shares during the last quarter. Institutional investors own 66.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of NextDecade from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Weiss Ratings raised shares of NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, April 27th. Citigroup assumed coverage on shares of NextDecade in a report on Wednesday, May 13th. They set a “buy” rating and a $11.00 price target for the company. Finally, TD Cowen reduced their price target on shares of NextDecade from $7.00 to $6.00 and set a “hold” rating for the company in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.

Insiders Place Their Bets

In related news, Director Pamela K.M. Beall acquired 71,500 shares of NextDecade stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average price of $7.07 per share, with a total value of $505,505.00. Following the completion of the acquisition, the director directly owned 71,500 shares of the company’s stock, valued at $505,505. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by insiders.

NextDecade Stock Performance

Shares of NEXT opened at $8.40 on Monday. NextDecade Corporation has a 1 year low of $4.75 and a 1 year high of $12.12. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -6.27 and a beta of 1.60. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a fifty day moving average of $8.01 and a 200-day moving average of $6.51.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.15. As a group, equities analysts anticipate that NextDecade Corporation will post -2.16 earnings per share for the current year.

About NextDecade

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.