Voya Investment Management LLC Sells 3,190 Shares of NextDecade Co. (NASDAQ:NEXT)

Voya Investment Management LLC decreased its stake in NextDecade Co. (NASDAQ:NEXT) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,308 shares of the company’s stock after selling 3,190 shares during the period. Voya Investment Management LLC’s holdings in NextDecade were worth $272,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Wolf Hill Capital Management LP raised its position in shares of NextDecade by 330.1% in the fourth quarter. Wolf Hill Capital Management LP now owns 8,142,024 shares of the company’s stock valued at $62,775,000 after purchasing an additional 6,248,757 shares during the period. Cannell & Spears LLC bought a new stake in shares of NextDecade in the fourth quarter valued at approximately $1,316,000. Webs Creek Capital Management LP raised its position in shares of NextDecade by 137.5% in the fourth quarter. Webs Creek Capital Management LP now owns 285,000 shares of the company’s stock valued at $2,197,000 after purchasing an additional 165,000 shares during the period. Barclays PLC raised its position in shares of NextDecade by 38.8% in the fourth quarter. Barclays PLC now owns 533,995 shares of the company’s stock valued at $4,117,000 after purchasing an additional 149,159 shares during the period. Finally, Invesco Ltd. raised its position in shares of NextDecade by 502.5% in the fourth quarter. Invesco Ltd. now owns 169,425 shares of the company’s stock valued at $1,306,000 after purchasing an additional 141,305 shares during the period. Institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

NASDAQ NEXT opened at $7.75 on Tuesday. The company’s 50 day moving average is $7.53 and its 200-day moving average is $7.50. NextDecade Co. has a 12-month low of $4.27 and a 12-month high of $9.71. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17. The firm has a market cap of $2.02 billion, a P/E ratio of -6.92 and a beta of 1.05.

NextDecade (NASDAQ:NEXT) last posted its earnings results on Thursday, February 27th. The company reported ($1.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). Sell-side analysts predict that NextDecade Co. will post -0.61 earnings per share for the current year.

NextDecade Profile

NextDecade Corp. is a development company.