Arizona State Retirement System Purchases 3,810 Shares of NextDecade Co. (NASDAQ:NEXT)

Arizona State Retirement System boosted its stake in shares of NextDecade Co. (NASDAQ:NEXT – Get Rating) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,236 shares of the company’s stock after purchasing an additional 3,810 shares during the quarter. Arizona State Retirement System’s holdings in NextDecade were worth $70,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its position in shares of NextDecade by 4.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,562 shares of the company’s stock valued at $214,000 after acquiring an additional 1,610 shares during the period. BNP Paribas Arbitrage SNC boosted its holdings in NextDecade by 39.8% in the third quarter. BNP Paribas Arbitrage SNC now owns 10,811 shares of the company’s stock valued at $65,000 after acquiring an additional 3,079 shares during the last quarter. Credit Suisse AG boosted its holdings in NextDecade by 8.2% in the third quarter. Credit Suisse AG now owns 54,877 shares of the company’s stock valued at $331,000 after acquiring an additional 4,178 shares during the last quarter. Royal Bank of Canada boosted its holdings in NextDecade by 437.8% in the third quarter. Royal Bank of Canada now owns 5,244 shares of the company’s stock valued at $31,000 after acquiring an additional 4,269 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in NextDecade by 100.0% in the first quarter. Captrust Financial Advisors now owns 10,000 shares of the company’s stock valued at $66,000 after acquiring an additional 5,000 shares during the last quarter. 64.83% of the stock is owned by institutional investors.

NextDecade Stock Down 2.4 %

Shares of NASDAQ:NEXT opened at $5.71 on Friday. NextDecade Co. has a twelve month low of $3.92 and a twelve month high of $8.95. The stock’s 50 day moving average is $5.38 and its 200-day moving average is $5.62. The firm has a market capitalization of $859.75 million, a price-to-earnings ratio of -7.82 and a beta of 0.96.

Analyst Upgrades and Downgrades

Separately, Evercore ISI cut their price target on NextDecade from $13.50 to $12.00 in a report on Monday, March 13th.

NextDecade Profile

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NextDecade Corp. is a development company.