NextDecade Corporation $NEXT Shares Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its holdings in shares of NextDecade Corporation (NASDAQ:NEXT) by 6.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,255,874 shares of the company’s stock after purchasing an additional 76,238 shares during the period. Westwood Holdings Group Inc. owned about 0.48% of NextDecade worth $11,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in shares of NextDecade during the 1st quarter valued at about $163,000. Cetera Investment Advisers acquired a new stake in NextDecade during the first quarter worth about $2,054,000. Neo Ivy Capital Management purchased a new position in NextDecade during the first quarter valued at approximately $411,000. Riposte Capital LLC purchased a new stake in NextDecade in the 1st quarter worth approximately $6,613,000. Finally, Pacer Advisors Inc. grew its stake in shares of NextDecade by 1.9% during the 1st quarter. Pacer Advisors Inc. now owns 215,282 shares of the company’s stock worth $1,675,000 after purchasing an additional 3,989 shares during the period. 66.74% of the stock is owned by institutional investors and hedge funds.

NextDecade Stock Up 1.3%

Shares of NEXT opened at $6.06 on Friday. The stock has a 50 day moving average price of $6.58 and a 200 day moving average price of $8.37. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -8.30 and a beta of 1.71.

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

Wall Street Analysts Forecast Growth

NEXT has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of NextDecade in a report on Thursday. Cowen lowered shares of NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Seaport Res Ptn upgraded NextDecade to a “strong-buy” rating in a research report on Friday, July 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 price target (down previously from $15.00) on shares of NextDecade in a report on Friday, September 12th. Finally, TD Cowen lowered their price target on NextDecade from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $8.50.

Insider Buying and Selling at NextDecade

In other NextDecade news, major shareholder Aerospace Co. Ltd. Hanwha acquired 591,837 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was bought at an average price of $6.07 per share, for a total transaction of $3,592,450.59. Following the acquisition, the insider owned 19,129,534 shares in the company, valued at approximately $116,116,271.38. The trade was a 3.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward Andrew Jr. Scoggins bought 15,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was acquired at an average cost of $6.46 per share, for a total transaction of $96,900.00. Following the completion of the purchase, the director directly owned 200,070 shares in the company, valued at approximately $1,292,452.20. This represents a 8.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 2,246,687 shares of company stock worth $15,204,042 in the last 90 days. 1.80% of the stock is currently owned by insiders.

About NextDecade

NextDecade Corp. is a development company.