SL Advisors LLC Sells 109,523 Shares of NextDecade Corporation $NEXT

SL Advisors LLC lessened its stake in shares of NextDecade Corporation (NASDAQ:NEXT – Free Report) by 13.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 715,855 shares of the company’s stock after selling 109,523 shares during the quarter. NextDecade makes up 9.3% of SL Advisors LLC’s holdings, making the stock its 4th biggest holding. SL Advisors LLC’s holdings in NextDecade were worth $4,546,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of NextDecade during the second quarter worth $179,608,000. Man Investment Partners US LP acquired a new stake in shares of NextDecade during the 4th quarter valued at $48,879,000. Bank of America Corp DE acquired a new stake in shares of NextDecade during the 2nd quarter valued at $14,415,000. Wolf Hill Capital Management LP boosted its holdings in shares of NextDecade by 25.9% during the 4th quarter. Wolf Hill Capital Management LP now owns 3,698,857 shares of the company’s stock valued at $19,493,000 after acquiring an additional 761,299 shares in the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in NextDecade by 12.4% during the 1st quarter. Catalyst Capital Advisors LLC now owns 5,216,592 shares of the company’s stock worth $39,959,000 after acquiring an additional 574,080 shares during the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Trading Up 1.1%

NASDAQ NEXT traded up $0.07 on Tuesday, reaching $6.75. The company had a trading volume of 615,844 shares, compared to its average volume of 3,349,449. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -4.97 and a beta of 1.53. 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 Corporation has a fifty-two week low of $4.75 and a fifty-two week high of $9.24. The business has a 50 day moving average of $6.98 and a two-hundred day moving average of $7.49.

NextDecade (NASDAQ:NEXT – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.66) by $0.41. Analysts forecast that NextDecade Corporation will post -2.10 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NEXT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextDecade in a report on Friday, July 24th. The Goldman Sachs Group began coverage on NextDecade in a research note on Wednesday, July 15th. They set a “neutral” rating and a $8.50 price target on the stock. Finally, Wall Street Zen raised NextDecade from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.10.

Read Our Latest Report on NextDecade

NextDecade Profile

(Free Report)

NextDecade Corporation is an energy company focused on developing liquefied natural gas (LNG) infrastructure and lower-carbon energy solutions. Its principal project is Rio Grande LNG, an LNG export facility under development near Brownsville, Texas, along the U.S. Gulf Coast. The project is designed to produce LNG for delivery to customers in international markets.

In addition to LNG production and export services, NextDecade is developing carbon capture and storage capabilities associated with Rio Grande LNG.

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