NextDecade Corporation $NEXT Shares Sold by NEOS Investment Management LLC

NEOS Investment Management LLC cut its holdings in NextDecade Corporation (NASDAQ:NEXT) by 15.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,158,224 shares of the company’s stock after selling 384,353 shares during the quarter. NEOS Investment Management LLC’s holdings in NextDecade were worth $16,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nykredit A S purchased a new position in NextDecade in the second quarter worth $25,000. Proficio Capital Partners LLC purchased a new stake in shares of NextDecade during the 2nd quarter worth $99,000. Headlands Technologies LLC grew its stake in shares of NextDecade by 141.6% during the 2nd quarter. Headlands Technologies LLC now owns 115,782 shares of the company’s stock worth $873,000 after purchasing an additional 67,856 shares during the period. Two Sigma Securities LLC acquired a new position in shares of NextDecade during the 2nd quarter worth $145,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of NextDecade by 11.9% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 327,509 shares of the company’s stock valued at $2,469,000 after purchasing an additional 34,805 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Stock Down 1.1%

Shares of NEXT opened at $7.34 on Friday. The firm has a market cap of $1.95 billion, a PE ratio of -5.40 and a beta of 1.57. The company’s fifty day moving average is $7.26 and its two-hundred day moving average is $7.29. NextDecade Corporation has a fifty-two week low of $4.75 and a fifty-two week high of $10.84. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 3.70.

NextDecade (NASDAQ:NEXT) last issued its earnings results on Thursday, July 30th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.41. Analysts forecast that NextDecade Corporation will post -2.94 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextDecade in a research note on Friday, July 24th. Citigroup initiated coverage on NextDecade in a report on Wednesday, May 13th. They set a “buy” rating and a $11.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of NextDecade in a research note on Wednesday, July 15th. They set a “neutral” rating and a $8.50 price objective on the stock. Finally, Wall Street Zen upgraded NextDecade from a “strong sell” rating to a “sell” rating in a research report on Saturday. 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.10.

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.