Teacher Retirement System of Texas Acquires New Shares in NextDecade Corporation (NASDAQ:NEXT)

Teacher Retirement System of Texas acquired a new position in shares of NextDecade Corporation (NASDAQ:NEXT) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,925 shares of the company’s stock, valued at approximately $163,000.

Several other institutional investors and hedge funds also recently modified their holdings of NEXT. GAMMA Investing LLC boosted its position in NextDecade by 2,302.6% during the first quarter. GAMMA Investing LLC now owns 6,535 shares of the company’s stock valued at $51,000 after purchasing an additional 6,263 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in NextDecade by 201.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock worth $60,000 after acquiring an additional 5,212 shares during the period. Broadway Wealth Solutions Inc. bought a new position in NextDecade during the 1st quarter worth $79,000. Quantinno Capital Management LP bought a new position in NextDecade during the 4th quarter worth $79,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of NextDecade in the 4th quarter valued at $82,000. 66.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NEXT shares. TD Cowen raised NextDecade from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, June 24th. Morgan Stanley reissued an “overweight” rating and issued a $15.00 price objective (up from $10.00) on shares of NextDecade in a research report on Friday, July 11th. Finally, Cowen raised NextDecade from a “hold” rating to a “buy” rating in a research report on Tuesday, June 24th.

NextDecade Stock Performance

NEXT stock opened at $12.00 on Monday. The firm has a market cap of $3.13 billion, a PE ratio of -17.65 and a beta of 1.08. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.64. The business has a 50 day moving average of $8.67 and a 200-day moving average of $8.11. NextDecade Corporation has a 12-month low of $4.27 and a 12-month high of $12.12.

NextDecade Company Profile

NextDecade Corp. is a development company.