Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in NextDecade Corporation $NEXT

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of NextDecade Corporation (NASDAQ:NEXT) by 21.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 642,182 shares of the company’s stock after buying an additional 112,300 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in NextDecade were worth $3,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. increased its holdings in shares of NextDecade by 520.0% in the 2nd 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 during the last quarter. Qube Research & Technologies Ltd bought a new position in shares of NextDecade in the 3rd quarter valued at about $4,935,000. Tudor Investment Corp ET AL grew its position in NextDecade by 262.8% in the third quarter. Tudor Investment Corp ET AL now owns 912,589 shares of the company’s stock worth $6,196,000 after acquiring an additional 661,028 shares in the last quarter. Squarepoint Ops LLC grew its position in NextDecade by 425.0% in the third quarter. Squarepoint Ops LLC now owns 790,009 shares of the company’s stock worth $5,364,000 after acquiring an additional 639,534 shares in the last quarter. Finally, Citigroup Inc. increased its stake in NextDecade by 1,112.2% during the third quarter. Citigroup Inc. now owns 681,904 shares of the company’s stock worth $4,630,000 after acquiring an additional 625,652 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

NextDecade Stock Performance

Shares of NASDAQ:NEXT opened at $8.13 on Friday. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of -6.95 and a beta of 2.02. NextDecade Corporation has a 12 month low of $4.75 and a 12 month high of $12.12. The firm’s 50-day moving average is $5.70 and its 200 day moving average is $5.91. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 3.70.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings data on Friday, February 27th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.68) by ($0.20). Research analysts predict that NextDecade Corporation will post -0.61 EPS for the current year.

Insider Buying and Selling at NextDecade

In other NextDecade news, Director Pamela K.M. Beall purchased 71,500 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average cost of $7.07 per share, with a total value of $505,505.00. Following the purchase, the director owned 71,500 shares of the company’s stock, valued at approximately $505,505. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

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

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.