NextDecade (NASDAQ:NEXT) Shares Up 3.6% – Here’s Why

NextDecade Co. (NASDAQ:NEXT)’s share price shot up 3.6% on Friday . The stock traded as high as $8.00 and last traded at $7.95. 231,778 shares traded hands during trading, a decline of 87% from the average session volume of 1,845,652 shares. The stock had previously closed at $7.67.

NextDecade Trading Up 7.3%

The firm has a market capitalization of $2.15 billion, a PE ratio of -7.35 and a beta of 1.05. The firm’s fifty day moving average is $7.48 and its two-hundred day moving average is $7.62. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick 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 for the quarter, missing the consensus estimate of ($0.19) by ($1.67). On average, equities analysts predict that NextDecade Co. will post -0.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bardin Hill Management Partners LP boosted its stake in NextDecade by 3.9% in the fourth quarter. Bardin Hill Management Partners LP now owns 8,917,873 shares of the company’s stock valued at $68,757,000 after acquiring an additional 334,012 shares during the last quarter. Wolf Hill Capital Management LP boosted its stake in NextDecade by 330.1% in the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company’s stock valued at $62,775,000 after acquiring an additional 6,248,757 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in NextDecade by 22.6% in the first quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company’s stock valued at $35,768,000 after acquiring an additional 846,937 shares during the last quarter. Geode Capital Management LLC boosted its stake in NextDecade by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 3,075,331 shares of the company’s stock valued at $23,717,000 after acquiring an additional 48,401 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NextDecade by 17.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248,028 shares of the company’s stock valued at $17,490,000 after acquiring an additional 338,429 shares during the last quarter. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Company Profile

NextDecade Corp. is a development company.