Fox Run Management L.L.C. Cuts Position in NextDecade Corporation $NEXT

Fox Run Management L.L.C. reduced its stake in shares of NextDecade Corporation (NASDAQ:NEXT) by 31.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,068 shares of the company’s stock after selling 8,818 shares during the quarter. Fox Run Management L.L.C.’s holdings in NextDecade were worth $170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of NextDecade during the first quarter valued at about $8,147,000. Brightline Capital Management LLC bought a new position in shares of NextDecade during the 1st quarter worth approximately $7,780,000. Riposte Capital LLC purchased a new stake in NextDecade during the first quarter valued at approximately $6,613,000. Scoggin Management LP acquired a new stake in NextDecade in the first quarter valued at approximately $3,890,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NextDecade by 17.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248,028 shares of the company’s stock valued at $17,490,000 after acquiring an additional 338,429 shares in the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.

Insider Buying and Selling at NextDecade

In related news, CEO Matthew K. Schatzman acquired 281,500 shares of NextDecade stock in a transaction on Friday, September 12th. The stock was acquired at an average price of $7.14 per share, for a total transaction of $2,009,910.00. Following the purchase, the chief executive officer owned 5,246,316 shares of the company’s stock, valued at approximately $37,458,696.24. This represents a 5.67% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Edward Andrew Jr. Scoggins bought 15,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was bought at an average price of $6.46 per share, for a total transaction of $96,900.00. Following the purchase, the director directly owned 200,070 shares of the company’s stock, valued at approximately $1,292,452.20. The trade was a 8.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 2,246,687 shares of company stock valued at $15,204,042. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on NEXT shares. Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of NextDecade in a report on Thursday. Cowen downgraded shares of NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $10.00 target price (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. Finally, Seaport Res Ptn upgraded shares of NextDecade to a “strong-buy” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.50.

NextDecade Trading Up 1.3%

Shares of NASDAQ:NEXT opened at $6.06 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.34. NextDecade Corporation has a 52-week low of $5.16 and a 52-week high of $12.12. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -8.30 and a beta of 1.71. The business has a 50-day moving average price of $6.58 and a 200-day moving average price of $8.36.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.10). Equities analysts predict that NextDecade Corporation will post -0.61 EPS for the current year.

NextDecade Profile

NextDecade Corp. is a development company.