Rhumbline Advisers Grows Position in NextDecade Co. (NASDAQ:NEXT)

Rhumbline Advisers boosted its holdings in NextDecade Co. (NASDAQ:NEXT) by 1.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 147,900 shares of the company’s stock after acquiring an additional 2,722 shares during the period. Rhumbline Advisers’ holdings in NextDecade were worth $1,140,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC grew its stake in shares of NextDecade by 97.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 4,623,370 shares of the company’s stock worth $21,776,000 after acquiring an additional 2,286,050 shares during the period. Geode Capital Management LLC lifted its holdings in NextDecade by 24.8% in the third quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock valued at $14,260,000 after acquiring an additional 600,630 shares during the period. Charles Schwab Investment Management Inc. boosted its position in NextDecade by 43.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock worth $5,015,000 after purchasing an additional 321,603 shares during the last quarter. Algert Global LLC grew its stake in shares of NextDecade by 236.7% during the 3rd quarter. Algert Global LLC now owns 386,142 shares of the company’s stock valued at $1,819,000 after purchasing an additional 271,458 shares during the period. Finally, State Street Corp increased its position in shares of NextDecade by 7.1% during the 3rd quarter. State Street Corp now owns 2,330,172 shares of the company’s stock valued at $10,975,000 after purchasing an additional 155,309 shares during the last quarter. Institutional investors own 66.74% of the company’s stock.

NextDecade Stock Down 1.5 %

NEXT opened at $7.64 on Thursday. The firm’s 50 day simple moving average is $8.02 and its two-hundred day simple moving average is $6.60. The company has a market capitalization of $1.99 billion, a PE ratio of -6.82 and a beta of 1.18. NextDecade Co. has a 1-year low of $4.27 and a 1-year high of $9.47. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17.

NextDecade (NASDAQ:NEXT) last announced its 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). As a group, equities analysts forecast that NextDecade Co. will post -0.61 EPS for the current year.

About NextDecade

NextDecade Corp. is a development company.