Wolf Hill Capital Management LP Invests $2.83 Million in NextDecade Corporation $NEXT

Wolf Hill Capital Management LP bought a new position in shares of NextDecade Corporation (NASDAQ:NEXT) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 374,896 shares of the company’s stock, valued at approximately $2,826,716. NextDecade accounts for about 0.0% of Wolf Hill Capital Management LP’s holdings, making the stock its 23rd largest position. Wolf Hill Capital Management LP owned about 0.14% of NextDecade at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of NextDecade by 22,782.4% in the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $26,000 after acquiring an additional 3,873 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in NextDecade by 302.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock worth $32,000 after acquiring an additional 3,161 shares during the period. Comerica Bank lifted its position 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 buying an additional 1,900 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of NextDecade in the second quarter valued at approximately $36,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in NextDecade by 111.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 7,201 shares of the company’s stock valued at $38,000 after purchasing an additional 3,792 shares during the period. 66.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NEXT has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of NextDecade in a research report on Friday, July 24th. The Goldman Sachs Group started coverage on NextDecade in a research report on Wednesday, July 15th. They set a “neutral” rating and a $8.50 price target on the stock. Finally, Citigroup started coverage on NextDecade in a report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NextDecade has a consensus rating of “Hold” and a consensus price target of $8.10.

NextDecade Price Performance

NASDAQ:NEXT traded down $0.08 during mid-day trading on Friday, reaching $7.36. 712,527 shares of the company were exchanged, compared to its average volume of 3,515,915. NextDecade Corporation has a 12 month low of $4.75 and a 12 month high of $11.27. The company has a fifty day moving average of $7.26 and a 200 day moving average of $7.22. The stock has a market cap of $1.96 billion, a PE ratio of -5.41 and a beta of 1.55. 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 quarterly earnings results on Thursday, July 30th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.41. On average, research analysts anticipate that NextDecade Corporation will post -2.94 EPS for the current fiscal year.

NextDecade Profile

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.