Valinor Management L.P. Sells 149,520 Shares of NextDecade Co. (NASDAQ:NEXT)

Valinor Management L.P. lowered its stake in shares of NextDecade Co. (NASDAQ:NEXT) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,751,760 shares of the company’s stock after selling 149,520 shares during the period. NextDecade accounts for 100.0% of Valinor Management L.P.’s holdings, making the stock its biggest position. Valinor Management L.P. owned about 5.28% of NextDecade worth $64,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in NEXT. BNP Paribas Financial Markets lifted its stake in NextDecade by 74.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,674 shares of the company’s stock valued at $281,000 after purchasing an additional 25,380 shares during the last quarter. Algert Global LLC raised its stake in NextDecade by 236.7% in the third quarter. Algert Global LLC now owns 386,142 shares of the company’s stock valued at $1,819,000 after buying an additional 271,458 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of NextDecade by 43.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock valued at $5,015,000 after buying an additional 321,603 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of NextDecade during the 3rd quarter worth approximately $153,000. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of NextDecade by 4.3% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock worth $17,085,000 after acquiring an additional 150,800 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Trading Down 2.6 %

NEXT opened at $7.18 on Wednesday. The stock’s fifty day simple moving average is $5.83 and its 200 day simple moving average is $6.43. NextDecade Co. has a 1-year low of $4.26 and a 1-year high of $8.52. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49.

About NextDecade

NextDecade Corp. is a development company.