Tudor Investment Corp ET AL Has $6.20 Million Stock Position in NextDecade Corporation $NEXT

Tudor Investment Corp ET AL raised its position in NextDecade Corporation (NASDAQ:NEXT) by 262.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 912,589 shares of the company’s stock after acquiring an additional 661,028 shares during the period. Tudor Investment Corp ET AL’s holdings in NextDecade were worth $6,196,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its position in shares of NextDecade by 22,782.4% during the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $26,000 after purchasing an additional 3,873 shares during the period. Raymond James Financial Inc. acquired a new stake in NextDecade in the 2nd quarter valued at $36,000. Comerica Bank increased its stake in NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after purchasing an additional 1,900 shares in the last quarter. Bessemer Group Inc. acquired a new position in NextDecade during the third quarter worth $29,000. Finally, Federated Hermes Inc. acquired a new position in NextDecade during the third quarter worth $38,000. Institutional investors own 66.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NEXT. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextDecade in a report on Monday, December 29th. Morgan Stanley dropped their price target on shares of NextDecade from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 24th. Capital One Financial began coverage on NextDecade in a research note on Friday, February 6th. They set an “overweight” rating and a $7.00 price target for the company. Finally, TD Cowen decreased their price objective on NextDecade from $7.00 to $6.00 and set a “hold” rating for the company in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NextDecade has a consensus rating of “Hold” and an average target price of $6.67.

NextDecade Stock Up 0.3%

Shares of NASDAQ:NEXT opened at $7.23 on Wednesday. NextDecade Corporation has a 1 year low of $4.75 and a 1 year high of $12.12. The company has a market capitalization of $1.92 billion, a PE ratio of -6.18 and a beta of 2.02. The business has a fifty day moving average price of $5.54 and a two-hundred day moving average price of $5.92. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.54 and a quick ratio of 0.54.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings results on Friday, February 27th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.68) by ($0.20). Analysts forecast that NextDecade Corporation will post -0.61 earnings per share for the current year.

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.