BlueCrest Capital Management Ltd boosted its position in shares of NextDecade (NASDAQ:NEXT) by 22.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,497 shares of the company’s stock after acquiring an additional 10,346 shares during the quarter. BlueCrest Capital Management Ltd owned 0.05% of NextDecade worth $462,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NEXT. General Electric Co. purchased a new stake in NextDecade during the third quarter valued at $32,400,000. Geode Capital Management LLC increased its position in NextDecade by 69.6% during the fourth quarter. Geode Capital Management LLC now owns 179,897 shares of the company’s stock valued at $1,496,000 after acquiring an additional 73,842 shares during the last quarter. Jane Street Group LLC purchased a new stake in NextDecade during the third quarter valued at $426,000. Wells Fargo & Company MN purchased a new stake in NextDecade during the fourth quarter valued at $294,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in NextDecade during the third quarter valued at $338,000. Institutional investors own 88.93% of the company’s stock.
NEXT traded up $0.57 during midday trading on Friday, reaching $5.79. The company had a trading volume of 28,257 shares, compared to its average volume of 85,287. NextDecade has a 1 year low of $3.95 and a 1 year high of $20.00.
In other NextDecade news, Director Valinor Management, L.P. sold 28,750 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $6.75, for a total value of $194,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.40% of the company’s stock.
NEXT has been the subject of a number of analyst reports. Stifel Nicolaus initiated coverage on NextDecade in a research report on Thursday, January 4th. They issued a “hold” rating and a $9.00 price target for the company. ValuEngine cut NextDecade from a “sell” rating to a “strong sell” rating in a research report on Friday, February 23rd.
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NextDecade Company Profile
NextDecade Corporation, formerly Harmony Merger Corp., is a development and management company. The Company is engaged in developing of land-based Liquefied Natural Gas (LNG) projects and associated pipelines in the integrated gas industry in the State of Texas. The Company is focused on providing solutions for LNG across the full value chain.
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