NextDecade Corporation $NEXT Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in NextDecade Corporation (NASDAQ:NEXT) by 57.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,475 shares of the company’s stock after selling 203,520 shares during the quarter. Squarepoint Ops LLC owned 0.06% of NextDecade worth $1,341,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of NextDecade by 137.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company’s stock worth $25,000 after buying an additional 1,886 shares during the last quarter. AlphaQuest LLC lifted its holdings in NextDecade by 102.2% in the second quarter. AlphaQuest LLC now owns 3,961 shares of the company’s stock valued at $35,000 after acquiring an additional 2,002 shares during the period. Raymond James Financial Inc. purchased a new stake in NextDecade in the 2nd quarter worth approximately $36,000. Comerica Bank grew its stake in shares of NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after purchasing an additional 1,900 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of NextDecade by 21,395.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,729 shares of the company’s stock valued at $42,000 after purchasing an additional 4,707 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Stock Up 4.0%

NEXT opened at $5.48 on Friday. The company has a market cap of $1.45 billion, a PE ratio of -7.51 and a beta of 1.90. NextDecade Corporation has a twelve month low of $4.99 and a twelve month high of $12.12. The company has a 50-day moving average price of $5.90 and a 200 day moving average price of $8.04. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.34.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.10). Sell-side analysts expect that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NEXT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of NextDecade in a report on Monday, December 15th. TD Cowen dropped their target price on NextDecade from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. Cowen cut NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price objective (down from $15.00) on shares of NextDecade in a report on Friday, September 12th. Finally, Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.50.

Insider Activity at NextDecade

In other news, major shareholder Aerospace Co. Ltd. Hanwha acquired 800,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were bought at an average price of $5.54 per share, for a total transaction of $4,432,000.00. Following the acquisition, the insider owned 26,420,222 shares of the company’s stock, valued at approximately $146,368,029.88. This trade represents a 3.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders purchased 8,179,190 shares of company stock worth $49,406,022 in the last three months. 1.80% of the stock is currently owned by insiders.

About NextDecade

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.