Tudor Investment Corp ET AL Buys 661,028 Shares of NextDecade Corporation $NEXT

Tudor Investment Corp ET AL raised its stake in NextDecade Corporation (NASDAQ:NEXT) by 262.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 912,589 shares of the company’s stock after buying an additional 661,028 shares during the period. Tudor Investment Corp ET AL owned 0.34% of NextDecade worth $6,196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of NextDecade by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,378,992 shares of the company’s stock valued at $70,473,000 after acquiring an additional 52,803 shares in the last quarter. Geode Capital Management LLC raised its position in NextDecade by 12.3% in the second quarter. Geode Capital Management LLC now owns 3,541,633 shares of the company’s stock valued at $31,559,000 after purchasing an additional 386,613 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of NextDecade by 16.7% during the second quarter. Bank of America Corp DE now owns 3,102,352 shares of the company’s stock valued at $27,642,000 after purchasing an additional 444,518 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of NextDecade by 1.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,945,794 shares of the company’s stock worth $13,212,000 after purchasing an additional 22,414 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its stake in shares of NextDecade by 520.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,550,000 shares of the company’s stock valued at $13,810,000 after buying an additional 1,300,000 shares during the period. Institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

NASDAQ:NEXT opened at $7.23 on Wednesday. The company has a fifty day moving average of $5.54 and a 200-day moving average of $5.92. The firm has a market capitalization of $1.92 billion, a P/E ratio of -6.18 and a beta of 2.02. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 3.70. NextDecade Corporation has a twelve month low of $4.75 and a twelve month high of $12.12.

NextDecade (NASDAQ:NEXT) last issued its earnings results on Friday, February 27th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by ($0.20). As a group, sell-side analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NEXT shares. Capital One Financial began coverage on shares of NextDecade in a research report on Friday, February 6th. They issued an “overweight” rating and a $7.00 price target for the company. Morgan Stanley cut their price target on shares of NextDecade from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 24th. TD Cowen decreased their price objective on NextDecade from $7.00 to $6.00 and set a “hold” rating for the company in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NextDecade has a consensus rating of “Hold” and an average target price of $6.67.

NextDecade Profile

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.