NextDecade Co. (NASDAQ:NEXT) Stake Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in shares of NextDecade Co. (NASDAQ:NEXT) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 325,367 shares of the company’s stock after acquiring an additional 2,833 shares during the quarter. Bank of New York Mellon Corp’s holdings in NextDecade were worth $2,509,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC increased its holdings in shares of NextDecade by 3.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company’s stock valued at $28,916,000 after acquiring an additional 123,070 shares during the last quarter. Rhumbline Advisers boosted its holdings in NextDecade by 1.9% in the fourth quarter. Rhumbline Advisers now owns 147,900 shares of the company’s stock worth $1,140,000 after purchasing an additional 2,722 shares during the period. Stoneridge Investment Partners LLC bought a new stake in NextDecade during the fourth quarter valued at $91,000. SG Americas Securities LLC raised its holdings in shares of NextDecade by 47.0% during the fourth quarter. SG Americas Securities LLC now owns 43,208 shares of the company’s stock worth $333,000 after purchasing an additional 13,807 shares during the period. Finally, ARS Investment Partners LLC bought a new position in shares of NextDecade in the 4th quarter worth about $124,000. 66.74% of the stock is owned by institutional investors and hedge funds.

NextDecade Price Performance

NEXT opened at $8.75 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. The company’s 50-day moving average price is $8.00 and its 200 day moving average price is $6.80. NextDecade Co. has a fifty-two week low of $4.27 and a fifty-two week high of $9.47. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -7.81 and a beta of 1.18.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($1.67). As a group, sell-side analysts expect that NextDecade Co. will post -0.61 earnings per share for the current year.

NextDecade Profile

NextDecade Corp. is a development company.