Blackstone Inc. Sells 6,952 Shares of NextDecade Co. (NASDAQ:NEXT)

Blackstone Inc. lowered its holdings in NextDecade Co. (NASDAQ:NEXT) by 12.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,311 shares of the company’s stock after selling 6,952 shares during the period. Blackstone Inc.’s holdings in NextDecade were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC lifted its stake in shares of NextDecade by 350.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock valued at $35,000 after buying an additional 3,485 shares during the period. Mainstream Capital Management LLC bought a new stake in shares of NextDecade in the 4th quarter worth approximately $56,000. Tower Research Capital LLC TRC lifted its position 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 acquiring an additional 5,212 shares during the period. Briaud Financial Planning Inc grew its holdings in shares of NextDecade by 29.2% during the 4th quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock worth $71,000 after purchasing an additional 2,109 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in shares of NextDecade during the fourth quarter valued at approximately $83,000. 66.74% of the stock is owned by institutional investors.

NextDecade Stock Down 3.3 %

Shares of NEXT stock opened at $7.40 on Tuesday. NextDecade Co. has a one year low of $4.27 and a one year high of $9.71. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a fifty day moving average price of $7.54 and a 200 day moving average price of $7.43. The stock has a market cap of $1.93 billion, a P/E ratio of -6.61 and a beta of 1.05.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings data on Thursday, February 27th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). Analysts predict that NextDecade Co. will post -0.61 earnings per share for the current year.

NextDecade Profile

NextDecade Corp. is a development company.