Westwood Holdings Group Inc. Acquires 397,433 Shares of NextDecade Co. (NASDAQ:NEXT)

Westwood Holdings Group Inc. increased its holdings in shares of NextDecade Co. (NASDAQ:NEXTFree Report) by 2,290.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,786 shares of the company’s stock after buying an additional 397,433 shares during the period. Westwood Holdings Group Inc. owned 0.16% of NextDecade worth $1,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NEXT. Bank of New York Mellon Corp increased its stake in NextDecade by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 105,286 shares of the company’s stock valued at $539,000 after purchasing an additional 2,567 shares in the last quarter. Amalgamated Bank increased its stake in NextDecade by 138.1% in the fourth quarter. Amalgamated Bank now owns 11,187 shares of the company’s stock valued at $53,000 after purchasing an additional 6,489 shares in the last quarter. Arizona State Retirement System increased its stake in NextDecade by 38.1% in the fourth quarter. Arizona State Retirement System now owns 23,622 shares of the company’s stock valued at $113,000 after purchasing an additional 6,523 shares in the last quarter. Victory Capital Management Inc. increased its stake in NextDecade by 48.7% in the third quarter. Victory Capital Management Inc. now owns 20,690 shares of the company’s stock valued at $106,000 after purchasing an additional 6,777 shares in the last quarter. Finally, Corton Capital Inc. increased its stake in NextDecade by 79.0% in the third quarter. Corton Capital Inc. now owns 26,042 shares of the company’s stock valued at $133,000 after purchasing an additional 11,490 shares in the last quarter. 66.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, TD Cowen upped their target price on shares of NextDecade from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday.

View Our Latest Analysis on NEXT

NextDecade Trading Up 1.3 %

Shares of NEXT stock opened at $7.79 on Monday. The firm has a fifty day moving average of $6.62 and a 200-day moving average of $5.54. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.56 and a quick ratio of 0.56. NextDecade Co. has a 12-month low of $4.01 and a 12-month high of $8.74.

NextDecade (NASDAQ:NEXTGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.64). On average, analysts predict that NextDecade Co. will post -1.25 EPS for the current fiscal year.

About NextDecade

(Free Report)

NextDecade Corp. is a development company.

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Institutional Ownership by Quarter for NextDecade (NASDAQ:NEXT)

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