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

NextDecade Co. (NASDAQ:NEXT) was the recipient of some unusual options trading activity on Friday. Traders bought 4,278 call options on the stock. This represents an increase of approximately 27% compared to the average daily volume of 3,378 call options.

Hedge Funds Weigh In On NextDecade

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its holdings in NextDecade by 350.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock worth $35,000 after buying an additional 3,485 shares during the last quarter. Twin Securities Inc. bought a new position in shares of NextDecade during the 3rd quarter valued at approximately $52,000. Mainstream Capital Management LLC purchased a new stake in shares of NextDecade during the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC raised its holdings in shares of NextDecade by 201.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,797 shares of the company’s stock worth $60,000 after purchasing an additional 5,212 shares during the period. Finally, Briaud Financial Planning Inc lifted its stake in NextDecade by 29.2% in the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after purchasing an additional 2,109 shares during the last quarter. 66.74% of the stock is owned by hedge funds and other institutional investors.

NextDecade Stock Performance

Shares of NextDecade stock traded down $0.20 during mid-day trading on Friday, hitting $8.23. 735,626 shares of the stock were exchanged, compared to its average volume of 1,755,173. NextDecade has a 12 month low of $4.27 and a 12 month high of $9.71. The company has a 50-day simple moving average of $8.08 and a 200 day simple moving average of $6.95. The company has a market capitalization of $2.14 billion, a P/E ratio of -7.34 and a beta of 1.18. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49.

NextDecade (NASDAQ:NEXT) last issued its quarterly 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). Sell-side analysts anticipate that NextDecade will post -0.61 earnings per share for the current fiscal year.

About NextDecade

NextDecade Corp. is a development company.