Hotchkis & Wiley Capital Management LLC Acquires 2,286,050 Shares of NextDecade Co. (NASDAQ:NEXT)

Posted by Erica Schwartz on Dec 4th, 2024

Hotchkis & Wiley Capital Management LLC boosted its holdings in NextDecade Co. (NASDAQ:NEXT – Free Report) by 97.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,623,370 shares of the company’s stock after buying an additional 2,286,050 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.78% of NextDecade worth $21,776,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in NextDecade by 12.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,511 shares of the company’s stock worth $128,000 after buying an additional 2,458 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of NextDecade by 718.1% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 87,030 shares of the company’s stock worth $691,000 after purchasing an additional 76,392 shares in the last quarter. Banque Pictet & Cie SA bought a new stake in shares of NextDecade during the second quarter valued at approximately $108,000. Catalyst Capital Advisors LLC raised its stake in shares of NextDecade by 3.4% in the second quarter. Catalyst Capital Advisors LLC now owns 3,476,616 shares of the company’s stock valued at $27,604,000 after purchasing an additional 113,187 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in NextDecade by 108.5% in the second quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company’s stock worth $3,504,000 after purchasing an additional 229,646 shares during the period. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Stock Up 2.0 %

NEXT opened at $7.12 on Wednesday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49. The firm’s fifty day moving average price is $6.11 and its two-hundred day moving average price is $6.44. NextDecade Co. has a fifty-two week low of $4.26 and a fifty-two week high of $8.52. The company has a market capitalization of $1.85 billion, a P/E ratio of -6.36 and a beta of 1.29.