M.E. Allison & CO. Inc. purchased a new position in NextDecade Co. (NASDAQ:NEXT – Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 115,450 shares of the company’s stock, valued at approximately $890,000. NextDecade accounts for 1.0% of M.E. Allison & CO. Inc.’s portfolio, making the stock its 26th largest holding.
Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of NextDecade by 24.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock worth $14,260,000 after purchasing an additional 600,630 shares in the last quarter. State Street Corp raised its holdings in shares of NextDecade by 7.1% in the 3rd quarter. State Street Corp now owns 2,330,172 shares of the company’s stock worth $10,975,000 after purchasing an additional 155,309 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of NextDecade by 4.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock worth $17,085,000 after purchasing an additional 150,800 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of NextDecade by 43.3% during 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 acquiring an additional 321,603 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of NextDecade during the second quarter valued at approximately $23,231,000. 66.74% of the stock is owned by institutional investors and hedge funds.
NextDecade Stock Performance
NEXT stock opened at $9.10 on Monday. NextDecade Co. has a 52-week low of $4.27 and a 52-week high of $9.37. The company’s 50 day simple moving average is $7.34 and its 200-day simple moving average is $6.38. 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.
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