Northern Trust Corp Raises Holdings in NextDecade Co. (NASDAQ:NEXT)

Northern Trust Corp grew its position in shares of NextDecade Co. (NASDAQ:NEXT) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,077,687 shares of the company’s stock after purchasing an additional 56,895 shares during the quarter. Northern Trust Corp owned approximately 0.41% of NextDecade worth $8,309,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NEXT. Steward Partners Investment Advisory LLC grew its holdings in shares of NextDecade by 350.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock worth $35,000 after purchasing an additional 3,485 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of NextDecade during the fourth quarter worth about $56,000. Tower Research Capital LLC TRC grew its holdings in shares of NextDecade by 201.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock worth $60,000 after purchasing an additional 5,212 shares during the last quarter. Briaud Financial Planning Inc grew its holdings in shares of NextDecade by 29.2% during the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock worth $71,000 after purchasing an additional 2,109 shares during the last quarter. Finally, Cibc World Markets Corp purchased a new position in shares of NextDecade during the fourth quarter worth about $83,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

Shares of NEXT stock opened at $7.63 on Monday. The stock’s 50-day moving average is $7.61 and its two-hundred day moving average is $7.56. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -6.81 and a beta of 1.05. NextDecade Co. has a 1 year low of $4.27 and a 1 year 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.

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

NextDecade Company Profile

NextDecade Corp. is a development company.