NextDecade Co. (NASDAQ:NEXT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in NextDecade Co. (NASDAQ:NEXT) by 5.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,383 shares of the company’s stock after selling 4,292 shares during the quarter. Russell Investments Group Ltd.’s holdings in NextDecade were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NEXT. Royal Bank of Canada boosted its position in NextDecade by 437.8% during the 3rd quarter. Royal Bank of Canada now owns 5,244 shares of the company’s stock worth $31,000 after acquiring an additional 4,269 shares during the period. BNP Paribas Arbitrage SA grew its position in NextDecade by 1,195.1% during the second quarter. BNP Paribas Arbitrage SA now owns 7,732 shares of the company’s stock valued at $34,000 after purchasing an additional 7,135 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NextDecade in the 1st quarter valued at approximately $62,000. American International Group Inc. purchased a new stake in NextDecade in the 2nd quarter worth approximately $64,000. Finally, BNP Paribas Arbitrage SNC boosted its stake in shares of NextDecade by 39.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 10,811 shares of the company’s stock valued at $65,000 after buying an additional 3,079 shares during the period.

NextDecade Stock Up 3.1 %

NASDAQ:NEXT opened at $6.26 on Monday. The firm has a market capitalization of $1.51 billion, a PE ratio of -8.58 and a beta of 1.05. NextDecade Co. has a 12-month low of $3.92 and a 12-month high of $8.74. The firm has a 50-day moving average price of $6.50 and a 200 day moving average price of $6.11.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus raised NextDecade from a “hold” rating to a “buy” rating and lifted their price objective for the company from $7.50 to $9.00 in a research report on Tuesday, August 15th. Wolfe Research upgraded NextDecade from a “peer perform” rating to an “outperform” rating and set a $8.00 price objective on the stock in a report on Wednesday, August 16th.

About NextDecade

NextDecade Corp. is a development company.