NextDecade Corporation $NEXT Shares Acquired by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP increased its stake in NextDecade Corporation (NASDAQ:NEXT) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,698,857 shares of the company’s stock after purchasing an additional 761,299 shares during the quarter. NextDecade comprises about 2.2% of Wolf Hill Capital Management LP’s portfolio, making the stock its 12th biggest holding. Wolf Hill Capital Management LP’s holdings in NextDecade were worth $19,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NEXT. Adage Capital Partners GP L.L.C. lifted its holdings in NextDecade by 520.0% in 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 purchasing an additional 1,300,000 shares during the period. Goldman Sachs Group Inc. lifted its holdings in NextDecade by 77.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,676,336 shares of the company’s stock valued at $8,834,000 after acquiring an additional 732,550 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in NextDecade in the 3rd quarter valued at about $4,935,000. Tudor Investment Corp ET AL lifted its holdings in NextDecade by 262.8% in the 3rd quarter. Tudor Investment Corp ET AL now owns 912,589 shares of the company’s stock valued at $6,196,000 after acquiring an additional 661,028 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in NextDecade by 425.0% in the 3rd quarter. Squarepoint Ops LLC now owns 790,009 shares of the company’s stock valued at $5,364,000 after acquiring an additional 639,534 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Price Performance

NASDAQ NEXT opened at $8.40 on Monday. The stock’s 50-day moving average price is $8.01 and its two-hundred day moving average price is $6.51. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 3.96. The company has a market cap of $2.23 billion, a PE ratio of -6.27 and a beta of 1.60. NextDecade Corporation has a 1 year low of $4.75 and a 1 year high of $12.12.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.66) by $0.15. On average, analysts predict that NextDecade Corporation will post -2.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NEXT shares. Citigroup started coverage on shares of NextDecade in a report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 price target for the company. Morgan Stanley upped their price target on shares of NextDecade from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. Weiss Ratings raised shares of NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, April 27th. Finally, TD Cowen cut their price target on shares of NextDecade from $7.00 to $6.00 and set a “hold” rating for the company in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NextDecade has an average rating of “Hold” and a consensus target price of $8.00.

Insider Transactions at NextDecade

In related news, Director Pamela K.M. Beall acquired 71,500 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of $7.07 per share, for a total transaction of $505,505.00. Following the acquisition, the director owned 71,500 shares in the company, valued at approximately $505,505. This represents 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 the SEC website. Insiders own 2.60% of the company’s stock.

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.