New York State Common Retirement Fund Decreases Holdings in NextDecade Corporation (NASDAQ:NEXT)

New York State Common Retirement Fund reduced its position in NextDecade Corporation (NASDAQ:NEXT) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,659 shares of the company’s stock after selling 12,400 shares during the quarter. New York State Common Retirement Fund’s holdings in NextDecade were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of NextDecade by 2,302.6% during the 1st 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 position in NextDecade by 201.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock valued at $60,000 after buying an additional 5,212 shares in the last quarter. Quantinno Capital Management LP purchased a new stake in NextDecade in the fourth quarter valued at about $79,000. Broadway Wealth Solutions Inc. purchased a new stake in NextDecade in the first quarter valued at about $79,000. Finally, Brevan Howard Capital Management LP acquired a new stake in NextDecade in the fourth quarter worth about $82,000. 66.74% of the stock is owned by hedge funds and other institutional investors.

NextDecade Stock Performance

Shares of NEXT opened at $11.32 on Friday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day moving average of $9.01 and a two-hundred day moving average of $8.22. The stock has a market cap of $2.95 billion, a P/E ratio of -16.65 and a beta of 1.08. NextDecade Corporation has a one year low of $4.27 and a one year high of $12.12.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NEXT shares. Morgan Stanley restated an “overweight” rating and set a $15.00 price target (up previously from $10.00) on shares of NextDecade in a research note on Friday, July 11th. TD Cowen raised shares of NextDecade from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, June 24th. Seaport Res Ptn upgraded shares of NextDecade to a “strong-buy” rating in a research note on Friday. Finally, Cowen raised shares of NextDecade from a “hold” rating to a “buy” rating in a report on Tuesday, June 24th.

NextDecade Profile

NextDecade Corp. is a development company.