Traders Buy High Volume of NextDecade Call Options (NASDAQ:NEXT)

NextDecade Co. (NASDAQ:NEXT) was the recipient of unusually large options trading activity on Friday. Traders purchased 13,847 call options on the company. This is an increase of approximately 408% compared to the typical volume of 2,725 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NEXT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NextDecade by 68.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 243,366 shares of the company’s stock valued at $1,876,000 after buying an additional 98,588 shares during the period. Westwood Holdings Group Inc. grew its position in NextDecade by 47.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,075,532 shares of the company’s stock valued at $8,292,000 after acquiring an additional 345,489 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of NextDecade by 718.3% during the fourth quarter. Squarepoint Ops LLC now owns 185,144 shares of the company’s stock valued at $1,427,000 after purchasing an additional 162,519 shares during the period. Two Sigma Investments LP lifted its position in shares of NextDecade by 16.3% during the fourth quarter. Two Sigma Investments LP now owns 32,861 shares of the company’s stock worth $253,000 after purchasing an additional 4,605 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in shares of NextDecade in the fourth quarter valued at $79,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Trading Up 13.2 %

Shares of NEXT stock opened at $8.22 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. NextDecade has a fifty-two week low of $4.27 and a fifty-two week high of $9.47. The firm’s 50 day moving average price is $7.99 and its two-hundred day moving average price is $6.55. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -7.34 and a beta of 1.27.

NextDecade (NASDAQ:NEXT) last issued its earnings results on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). On average, analysts anticipate that NextDecade will post -0.61 EPS for the current year.

NextDecade Company Profile

NextDecade Corp. is a development company.