Quantinno Capital Management LP Purchases 117,201 Shares of NextDecade Corporation $NEXT

Quantinno Capital Management LP increased its position in shares of NextDecade Corporation (NASDAQ:NEXT) by 150.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,185 shares of the company’s stock after acquiring an additional 117,201 shares during the quarter. Quantinno Capital Management LP owned about 0.07% of NextDecade worth $1,495,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank raised its holdings in NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after purchasing an additional 1,900 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of NextDecade in the 1st quarter valued at about $386,000. Millennium Management LLC grew its position in shares of NextDecade by 10.1% during the 1st quarter. Millennium Management LLC now owns 1,404,770 shares of the company’s stock worth $10,929,000 after buying an additional 128,568 shares during the period. Caxton Associates LLP bought a new stake in shares of NextDecade during the first quarter worth approximately $185,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NextDecade by 13.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 277,307 shares of the company’s stock worth $2,157,000 after buying an additional 33,941 shares during the last quarter. Institutional investors own 66.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective 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 reiterated a “sell (d-)” rating on shares of NextDecade in a research report on Friday, July 24th. Citigroup started coverage on NextDecade in a research note on Wednesday, May 13th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on NextDecade in a research report on Wednesday, July 15th. They issued a “neutral” rating and a $8.50 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.10.

NextDecade Stock Performance

Shares of NEXT stock opened at $6.78 on Friday. The stock has a market cap of $1.80 billion, a PE ratio of -4.99 and a beta of 1.55. The stock has a 50-day moving average of $7.43 and a 200-day moving average of $7.08. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.37 and a quick ratio of 0.37. NextDecade Corporation has a one year low of $4.75 and a one year high of $11.27.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.41. As a group, sell-side analysts expect that NextDecade Corporation will post -2.94 earnings per share for the current 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.