Moody Aldrich Partners LLC Makes New Investment in NextDecade Corporation $NEXT

Moody Aldrich Partners LLC purchased a new stake in NextDecade Corporation (NASDAQ:NEXT) during the third quarter, HoldingsChannel.com reports. The fund purchased 177,730 shares of the company’s stock, valued at approximately $1,207,000.

Other large investors also recently made changes to their positions in the company. Catalyst Capital Advisors LLC lifted its position in NextDecade by 2.3% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 4,704,427 shares of the company’s stock valued at $41,916,000 after acquiring an additional 107,004 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NextDecade by 12.3% in the second quarter. Geode Capital Management LLC now owns 3,541,633 shares of the company’s stock valued at $31,559,000 after purchasing an additional 386,613 shares in the last quarter. Bank of America Corp DE boosted its position in shares of NextDecade by 16.7% during the second quarter. Bank of America Corp DE now owns 3,102,352 shares of the company’s stock worth $27,642,000 after buying an additional 444,518 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NextDecade by 17.7% during 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. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of NextDecade by 520.0% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,550,000 shares of the company’s stock worth $13,810,000 after buying an additional 1,300,000 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

NextDecade Price Performance

Shares of NASDAQ NEXT opened at $5.27 on Friday. NextDecade Corporation has a twelve month low of $4.99 and a twelve month high of $12.12. The company has a market cap of $1.40 billion, a PE ratio of -7.22 and a beta of 1.97. The business’s 50 day moving average price is $5.78 and its two-hundred day moving average price is $7.86. 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 earnings results on Thursday, October 30th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.10). On average, analysts predict that NextDecade Corporation will post -0.61 EPS for the current year.

Insider Activity

In related news, major shareholder Aerospace Co. Ltd. Hanwha acquired 800,000 shares of the stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $5.54 per share, for a total transaction of $4,432,000.00. Following the purchase, the insider directly owned 26,420,222 shares in the company, valued at approximately $146,368,029.88. The trade was a 3.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased 7,177,861 shares of company stock valued at $42,393,247 in the last three months. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

NextDecade Profile

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.