Voya Investment Management LLC Sells 3,596 Shares of NextDecade Corporation $NEXT

Voya Investment Management LLC reduced its holdings in NextDecade Corporation (NASDAQ:NEXT) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,712 shares of the company’s stock after selling 3,596 shares during the period. Voya Investment Management LLC’s holdings in NextDecade were worth $247,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in NextDecade by 12.3% in the 1st quarter. Rhumbline Advisers now owns 166,090 shares of the company’s stock worth $1,292,000 after buying an additional 18,190 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NextDecade by 13.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 277,307 shares of the company’s stock worth $2,157,000 after buying an additional 33,941 shares during the period. Caxton Associates LLP bought a new position in NextDecade in the 1st quarter worth approximately $185,000. Millennium Management LLC increased its position in NextDecade by 10.1% in the 1st quarter. Millennium Management LLC now owns 1,404,770 shares of the company’s stock worth $10,929,000 after buying an additional 128,568 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in NextDecade by 17.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248,028 shares of the company’s stock worth $17,490,000 after buying an additional 338,429 shares during the period. 66.74% of the stock is owned by institutional investors.

NextDecade Price Performance

NextDecade stock opened at $6.95 on Tuesday. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $1.82 billion, a P/E ratio of -8.91 and a beta of 1.35. The business’s fifty day moving average is $9.60 and its two-hundred day moving average is $8.70. NextDecade Corporation has a 52 week low of $4.59 and a 52 week high of $12.12.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings data on Thursday, July 31st. The company reported ($0.23) EPS for the quarter, hitting analysts’ consensus estimates of ($0.23). Equities research analysts forecast that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

Insider Transactions at NextDecade

In other news, major shareholder Aerospace Co. Ltd. Hanwha purchased 551,819 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were acquired at an average price of $6.99 per share, with a total value of $3,857,214.81. Following the completion of the purchase, the insider directly owned 18,088,187 shares of the company’s stock, valued at $126,436,427.13. The trade was a 3.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bardin Hill Investment Partner purchased 357,021 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were purchased at an average cost of $6.98 per share, for a total transaction of $2,492,006.58. Following the purchase, the director directly owned 9,274,894 shares of the company’s stock, valued at $64,738,760.12. This trade represents a 4.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,654,850 shares of company stock worth $11,611,592. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NEXT. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 price target (down from $15.00) on shares of NextDecade in a research report on Friday, September 12th. Seaport Res Ptn raised NextDecade to a “strong-buy” rating in a research report on Friday, July 25th. Cowen cut NextDecade from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. TD Cowen restated a “hold” rating and issued a $8.00 target price (down from $11.00) on shares of NextDecade in a research note on Monday, September 15th. Finally, Zacks Research upgraded shares of NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.00.

NextDecade Company Profile

NextDecade Corp. is a development company.