NextDecade Co. (NASDAQ:NEXT) Holdings Raised by LPL Financial LLC

LPL Financial LLC raised its stake in shares of NextDecade Co. (NASDAQ:NEXT) by 46.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,281 shares of the company’s stock after buying an additional 31,580 shares during the period. LPL Financial LLC’s holdings in NextDecade were worth $773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Briaud Financial Planning Inc boosted its holdings in shares of NextDecade by 29.2% in the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after acquiring an additional 2,109 shares in the last quarter. Rhumbline Advisers increased its position in shares of NextDecade by 1.9% during the 4th quarter. Rhumbline Advisers now owns 147,900 shares of the company’s stock valued at $1,140,000 after purchasing an additional 2,722 shares during the period. Bank of New York Mellon Corp raised its stake in shares of NextDecade by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 325,367 shares of the company’s stock worth $2,509,000 after buying an additional 2,833 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in NextDecade by 7.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 45,594 shares of the company’s stock valued at $352,000 after buying an additional 3,082 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in NextDecade by 350.6% during 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 in the last quarter. 66.74% of the stock is currently owned by institutional investors.

NextDecade Price Performance

Shares of NextDecade stock opened at $7.31 on Tuesday. NextDecade Co. has a 52 week low of $4.27 and a 52 week high of $9.71. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17. The company’s 50-day moving average price is $7.63 and its two-hundred day moving average price is $7.28. The stock has a market cap of $1.90 billion, a PE ratio of -6.53 and a beta of 0.80.

NextDecade (NASDAQ:NEXT) last released its earnings results on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing the consensus estimate of ($0.19) by ($1.67). As a group, sell-side analysts anticipate that NextDecade Co. will post -0.61 EPS for the current fiscal year.

NextDecade Company Profile

NextDecade Corp. is a development company.