Swiss National Bank Trims Stock Holdings in NextDecade Corporation $NEXT

Swiss National Bank reduced its stake in NextDecade Corporation (NASDAQ:NEXT) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 277,300 shares of the company’s stock after selling 3,400 shares during the period. Swiss National Bank owned approximately 0.11% of NextDecade worth $2,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEXT. Wells Fargo & Company MN raised its holdings in NextDecade by 48.0% in the 4th quarter. Wells Fargo & Company MN now owns 56,776 shares of the company’s stock valued at $438,000 after buying an additional 18,414 shares during the period. Invesco Ltd. raised its holdings in NextDecade by 502.5% in the 4th quarter. Invesco Ltd. now owns 169,425 shares of the company’s stock valued at $1,306,000 after buying an additional 141,305 shares during the period. Legal & General Group Plc raised its holdings in NextDecade by 21.7% in the 4th quarter. Legal & General Group Plc now owns 141,840 shares of the company’s stock valued at $1,094,000 after buying an additional 25,336 shares during the period. Renaissance Technologies LLC purchased a new stake in NextDecade in the 4th quarter valued at about $436,000. Finally, Barclays PLC raised its holdings in NextDecade by 38.8% in the 4th quarter. Barclays PLC now owns 533,995 shares of the company’s stock valued at $4,117,000 after buying an additional 149,159 shares during the period. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Stock Down 0.7%

Shares of NASDAQ:NEXT opened at $10.24 on Friday. The firm’s 50-day moving average is $10.06 and its two-hundred day moving average is $8.52. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.70 and a quick ratio of 0.70. NextDecade Corporation has a 1 year low of $4.27 and a 1 year high of $12.12. The firm has a market capitalization of $2.68 billion, a PE ratio of -13.13 and a beta of 1.22.

NextDecade (NASDAQ:NEXT) last released its earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.23). Analysts predict that NextDecade Corporation will post -0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

NEXT has been the topic of several research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $15.00 price objective (up from $10.00) on shares of NextDecade in a report on Friday, July 11th. TD Cowen upgraded shares of NextDecade from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, June 24th. Cowen upgraded shares of NextDecade from a “hold” rating to a “buy” rating in a research note on Tuesday, June 24th. Finally, Seaport Res Ptn upgraded shares of NextDecade to a “strong-buy” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $13.00.

NextDecade Company Profile

NextDecade Corp. is a development company.