Sei Investments Co. Sells 7,789 Shares of NextDecade Co. (NASDAQ:NEXT)

Sei Investments Co. cut its stake in NextDecade Co. (NASDAQ:NEXT) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,429 shares of the company’s stock after selling 7,789 shares during the period. Sei Investments Co.’s holdings in NextDecade were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its position in shares of NextDecade by 350.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock valued at $35,000 after acquiring an additional 3,485 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in NextDecade in the fourth quarter valued at about $56,000. Briaud Financial Planning Inc lifted its stake in NextDecade by 29.2% in the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after buying an additional 2,109 shares during the period. Cibc World Markets Corp bought a new position in NextDecade during the fourth quarter worth about $83,000. Finally, Stoneridge Investment Partners LLC bought a new position in NextDecade during the fourth quarter worth about $91,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Stock Up 6.2 %

Shares of NASDAQ:NEXT opened at $6.89 on Thursday. The company has a market capitalization of $1.79 billion, a PE ratio of -6.15 and a beta of 0.80. NextDecade Co. has a 52 week low of $4.27 and a 52 week high of $9.71. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. The company has a 50 day moving average price of $7.74 and a two-hundred day moving average price of $7.12.

NextDecade (NASDAQ:NEXT) last announced its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). Analysts forecast that NextDecade Co. will post -0.61 earnings per share for the current year.

NextDecade Company Profile

NextDecade Corp. is a development company.