Farther Finance Advisors LLC Increases Stock Holdings in NextDecade Corporation $NEXT

Farther Finance Advisors LLC boosted its stake in NextDecade Corporation (NASDAQ:NEXT) by 21,395.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,729 shares of the company’s stock after acquiring an additional 4,707 shares during the period. Farther Finance Advisors LLC’s holdings in NextDecade were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC boosted its stake in shares of NextDecade by 22.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company’s stock valued at $35,768,000 after purchasing an additional 846,937 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $17,490,000 after buying an additional 338,429 shares during the period. Millennium Management LLC boosted its position in NextDecade by 10.1% during the 1st quarter. Millennium Management LLC now owns 1,404,770 shares of the company’s stock valued at $10,929,000 after acquiring an additional 128,568 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in NextDecade by 9.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,179,636 shares of the company’s stock valued at $9,178,000 after acquiring an additional 104,104 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of NextDecade during the 1st quarter worth approximately $8,147,000. 66.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cowen cut NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of NextDecade in a research report on Saturday, September 27th. Seaport Res Ptn raised NextDecade to a “strong-buy” rating in a research report on Friday, July 25th. Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Finally, TD Cowen reiterated a “hold” rating and issued a $8.00 price target (down from $11.00) on shares of NextDecade in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.00.

NextDecade Stock Up 4.3%

NEXT stock opened at $7.34 on Tuesday. NextDecade Corporation has a 1-year low of $4.93 and a 1-year high of $12.12. The business has a fifty day moving average price of $9.16 and a 200-day moving average price of $8.65. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $1.92 billion, a P/E ratio of -9.41 and a beta of 1.78.

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

Insider Activity at NextDecade

In related news, Director Bardin Hill Investment Partner acquired 357,021 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was purchased at an average cost of $6.98 per share, with a total value of $2,492,006.58. Following the completion of the acquisition, the director directly owned 9,274,894 shares of the company’s stock, valued at approximately $64,738,760.12. This trade represents a 4.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Aerospace Co. Ltd. Hanwha bought 449,510 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was bought at an average price of $7.02 per share, for a total transaction of $3,155,560.20. Following the acquisition, the insider directly owned 18,537,697 shares of the company’s stock, valued at $130,134,632.94. The trade was a 2.49% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,654,850 shares of company stock valued at $11,611,592. Insiders own 1.80% of the company’s stock.

NextDecade Profile

NextDecade Corp. is a development company.