Clear Harbor Asset Management LLC Buys Shares of 21,000 NextDecade Co. (NASDAQ:NEXT)

Posted by KOP Source Staff on Oct 28th, 2024

Clear Harbor Asset Management LLC purchased a new position in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,000 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds also recently modified their holdings of NEXT. Principal Financial Group Inc. acquired a new position in NextDecade during the first quarter worth $60,000. Wealth Enhancement Advisory Services LLC bought a new stake in NextDecade during the third quarter worth approximately $77,000. Marshall Wace LLP raised its position in shares of NextDecade by 21.9% in the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after purchasing an additional 2,300 shares during the period. Banque Pictet & Cie SA bought a new position in shares of NextDecade in the second quarter valued at approximately $108,000. Finally, nVerses Capital LLC acquired a new stake in shares of NextDecade in the second quarter worth $122,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Stock Performance

NASDAQ:NEXT opened at $5.87 on Monday. The firm has a market capitalization of $1.51 billion, a PE ratio of -34.53 and a beta of 1.28. NextDecade Co. has a 1 year low of $4.01 and a 1 year high of $8.52. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 2.22. The firm’s fifty day simple moving average is $4.97 and its 200 day simple moving average is $6.37.

NextDecade (NASDAQ:NEXT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.28). On average, sell-side analysts anticipate that NextDecade Co. will post -1.23 EPS for the current year.