Jaffetilchin Investment Partners LLC Makes New $613,000 Investment in NextDecade Corporation $NEXT

Jaffetilchin Investment Partners LLC bought a new stake in shares of NextDecade Corporation (NASDAQ:NEXT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 116,370 shares of the company’s stock, valued at approximately $613,000.

Several other large investors have also modified their holdings of the business. US Bancorp DE lifted its position in shares of NextDecade by 22,782.4% in the 3rd 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. bought a new position in shares of NextDecade during the second quarter valued at approximately $36,000. Comerica Bank increased its holdings in NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after buying an additional 1,900 shares during the period. Bessemer Group Inc. purchased a new position in NextDecade during the third quarter valued at approximately $29,000. Finally, Federated Hermes Inc. bought a new position in NextDecade in the third quarter worth approximately $38,000. Institutional investors own 66.74% of the company’s stock.

Insider Activity at NextDecade

In other NextDecade news, Director Pamela K.M. Beall acquired 71,500 shares of the stock in a transaction dated Monday, March 23rd. The stock was purchased at an average price of $7.07 per share, with a total value of $505,505.00. Following the transaction, the director directly owned 71,500 shares of the company’s stock, valued at $505,505. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TD Cowen lowered their target price on NextDecade from $7.00 to $6.00 and set a “hold” rating for the company in a report on Thursday, March 5th. Morgan Stanley reduced their price target on NextDecade from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 24th. Capital One Financial initiated coverage on NextDecade in a research note on Friday, February 6th. They set an “overweight” rating and a $7.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.67.

NextDecade Trading Down 4.8%

NASDAQ NEXT opened at $7.66 on Wednesday. NextDecade Corporation has a 52 week low of $4.75 and a 52 week high of $12.12. The company has a 50 day moving average price of $5.81 and a 200 day moving average price of $5.90. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 3.70. The firm has a market cap of $2.03 billion, a PE ratio of -6.55 and a beta of 2.02.

NextDecade (NASDAQ:NEXT) last announced its earnings results on Friday, February 27th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.68) by ($0.20). As a group, sell-side analysts forecast that NextDecade Corporation will post -0.61 EPS for the current fiscal 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.