Headlands Technologies LLC Buys 67,856 Shares of NextDecade Corporation $NEXT

Headlands Technologies LLC increased its position in shares of NextDecade Corporation (NASDAQ:NEXT) by 141.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,782 shares of the company’s stock after buying an additional 67,856 shares during the quarter. Headlands Technologies LLC’s holdings in NextDecade were worth $873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEXT. Alliancebernstein L.P. raised its holdings in NextDecade by 1.5% in the 3rd quarter. Alliancebernstein L.P. now owns 122,020 shares of the company’s stock valued at $829,000 after acquiring an additional 1,800 shares in the last quarter. Comerica Bank grew its holdings in shares of NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after purchasing an additional 1,900 shares in the last quarter. Collective Family Office LLC increased its position in shares of NextDecade by 13.4% during the second quarter. Collective Family Office LLC now owns 17,194 shares of the company’s stock valued at $130,000 after purchasing an additional 2,033 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of NextDecade by 0.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 644,417 shares of the company’s stock valued at $4,936,000 after purchasing an additional 2,235 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of NextDecade by 302.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,205 shares of the company’s stock valued at $32,000 after purchasing an additional 3,161 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors.

NextDecade Stock Up 1.1%

Shares of NEXT opened at $7.62 on Wednesday. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -5.60 and a beta of 1.55. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 3.70. NextDecade Corporation has a 12 month low of $4.75 and a 12 month high of $11.27. The company has a 50-day moving average price of $7.26 and a two-hundred day moving average price of $7.26.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.41. Equities analysts predict that NextDecade Corporation will post -2.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on NEXT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextDecade in a research report on Friday, July 24th. The Goldman Sachs Group started coverage on shares of NextDecade in a report on Wednesday, July 15th. They issued a “neutral” rating and a $8.50 price target on the stock. Finally, Citigroup started coverage on shares of NextDecade in a report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NextDecade has an average rating of “Hold” and an average target price of $8.10.

NextDecade Company Profile

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.