Hara Capital LLC Purchases Shares of 105,730 NextDecade Corporation $NEXT

Hara Capital LLC purchased a new stake in NextDecade Corporation (NASDAQ:NEXT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 105,730 shares of the company’s stock, valued at approximately $797,000.

Other hedge funds also recently made changes to their positions in the company. Comerica Bank boosted its holdings in NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after acquiring an additional 1,900 shares during the last quarter. AQR Capital Management LLC bought a new position in NextDecade during the 1st quarter worth approximately $386,000. Millennium Management LLC raised its holdings in NextDecade by 10.1% during the 1st quarter. Millennium Management LLC now owns 1,404,770 shares of the company’s stock worth $10,929,000 after purchasing an additional 128,568 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of NextDecade in the 1st quarter worth approximately $185,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of NextDecade by 13.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 277,307 shares of the company’s stock worth $2,157,000 after purchasing an additional 33,941 shares during the period. 66.74% of the stock is currently owned by institutional investors.

NextDecade Trading Up 4.2%

NASDAQ NEXT opened at $7.00 on Friday. The business has a 50 day simple moving average of $7.29 and a 200 day simple moving average of $7.14. NextDecade Corporation has a one year low of $4.75 and a one year high of $11.27. The stock has a market capitalization of $1.86 billion, a P/E ratio of -5.15 and a beta of 1.55. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.37 and a quick ratio of 0.37.

NextDecade (NASDAQ:NEXT) last issued its earnings results on Thursday, July 30th. The company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.41. Research analysts expect that NextDecade Corporation will post -2.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEXT. Citigroup assumed coverage on shares of NextDecade in a research note on Wednesday, May 13th. They issued a “buy” rating and a $11.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of NextDecade in a research note on Friday, July 24th. Finally, 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 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NextDecade presently has an average rating of “Hold” and an average price target of $8.10.

NextDecade 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.