ARS Investment Partners LLC Invests $124,000 in NextDecade Co. (NASDAQ:NEXT)

Posted by Doug Wharley on Jan 22nd, 2025

ARS Investment Partners LLC acquired a new stake in NextDecade Co. (NASDAQ:NEXT – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 16,101 shares of the company’s stock, valued at approximately $124,000.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. bought a new stake in shares of NextDecade in the 2nd quarter valued at about $157,000. Marshall Wace LLP grew its holdings in NextDecade by 21.9% during the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after purchasing an additional 2,300 shares during the period. ELCO Management Co. LLC increased its stake in NextDecade by 14.4% in the second quarter. ELCO Management Co. LLC now owns 137,257 shares of the company’s stock valued at $1,090,000 after purchasing an additional 17,290 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in NextDecade in the second quarter worth $23,231,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of NextDecade by 23.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the company’s stock valued at $594,000 after buying an additional 14,451 shares during the period. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Stock Performance

Shares of NextDecade stock opened at $9.05 on Wednesday. The stock’s fifty day simple moving average is $7.42 and its 200 day simple moving average is $6.39. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. The company has a market capitalization of $2.36 billion, a PE ratio of -8.08 and a beta of 1.29. NextDecade Co. has a 12 month low of $4.27 and a 12 month high of $9.47.

NextDecade (NASDAQ:NEXT – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $1.02. On average, research analysts predict that NextDecade Co. will post -0.59 EPS for the current year.