NextDecade (NASDAQ:NEXT) Shares Up 7.2%

NextDecade Co. (NASDAQ:NEXT)’s stock price shot up 7.2% during mid-day trading on Thursday . The company traded as high as $5.79 and last traded at $5.78. 565,736 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 1,099,550 shares. The stock had previously closed at $5.39.

NextDecade Stock Performance

The company has a market capitalization of $1.46 billion, a PE ratio of -7.49 and a beta of 1.32. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.57 and a current ratio of 0.57. The stock’s fifty day simple moving average is $5.09 and its 200-day simple moving average is $4.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridger Management LLC purchased a new position in NextDecade in the 4th quarter valued at about $324,000. Vanguard Group Inc. lifted its holdings in shares of NextDecade by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 7,151,066 shares of the company’s stock worth $34,111,000 after acquiring an additional 498,686 shares during the period. Mubadala Investment Co PJSC purchased a new position in shares of NextDecade during the 4th quarter worth about $67,764,000. American International Group Inc. lifted its holdings in shares of NextDecade by 153.8% during the 4th quarter. American International Group Inc. now owns 38,826 shares of the company’s stock worth $185,000 after acquiring an additional 23,528 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of NextDecade during the 4th quarter worth about $112,000. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

NextDecade Company Profile

NextDecade Corp. is a development company.