Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) by 7,187.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 929,487 shares of the company’s stock after purchasing an additional 916,732 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in NextDecade were worth $4,434,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lasry Marc bought a new position in shares of NextDecade during the third quarter valued at approximately $36,764,000. Vanguard Group Inc. lifted its position in NextDecade by 58.6% during the third quarter. Vanguard Group Inc. now owns 6,652,380 shares of the company’s stock valued at $34,060,000 after acquiring an additional 2,459,173 shares during the last quarter. Morgan Stanley lifted its position in NextDecade by 164.0% during the third quarter. Morgan Stanley now owns 5,151,414 shares of the company’s stock valued at $26,375,000 after acquiring an additional 3,200,026 shares during the last quarter. BlackRock Inc. lifted its position in NextDecade by 4.1% during the first quarter. BlackRock Inc. now owns 3,735,882 shares of the company’s stock valued at $18,567,000 after acquiring an additional 148,337 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in NextDecade by 1.0% during the third quarter. Catalyst Capital Advisors LLC now owns 2,741,295 shares of the company’s stock valued at $14,035,000 after acquiring an additional 26,540 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors.
NextDecade Stock Performance
NASDAQ:NEXT opened at $6.22 on Tuesday. NextDecade Co. has a 52 week low of $4.01 and a 52 week high of $8.74. The firm has a 50 day moving average of $5.32 and a 200 day moving average of $4.91. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 2.45. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -8.08 and a beta of 1.32.
About NextDecade
NextDecade Corp. is a development company.
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