SL Advisors LLC Sells 161,614 Shares of NextDecade Corporation $NEXT

SL Advisors LLC reduced its position in shares of NextDecade Corporation (NASDAQ:NEXT) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 825,378 shares of the company’s stock after selling 161,614 shares during the period. NextDecade makes up about 10.9% of SL Advisors LLC’s portfolio, making the stock its 2nd biggest holding. SL Advisors LLC owned approximately 0.31% of NextDecade worth $6,223,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clough Capital Partners L P bought a new position in NextDecade in the first quarter valued at approximately $2,702,000. Pacer Advisors Inc. lifted its stake in NextDecade by 56.7% during the first quarter. Pacer Advisors Inc. now owns 416,955 shares of the company’s stock worth $3,194,000 after purchasing an additional 150,844 shares during the last quarter. Catalyst Capital Advisors LLC lifted its stake in NextDecade by 12.4% during the first quarter. Catalyst Capital Advisors LLC now owns 5,216,592 shares of the company’s stock worth $39,959,000 after purchasing an additional 574,080 shares during the last quarter. Wolf Hill Capital Management LP boosted its holdings in shares of NextDecade by 25.9% in the 4th quarter. Wolf Hill Capital Management LP now owns 3,698,857 shares of the company’s stock valued at $19,493,000 after purchasing an additional 761,299 shares in the last quarter. Finally, Man Investment Partners US LP acquired a new stake in shares of NextDecade in the 4th quarter valued at $48,879,000. 66.74% of the stock is currently owned by institutional investors.

NextDecade Stock Performance

Shares of NEXT stock opened at $6.76 on Thursday. The business’s 50-day moving average price is $7.47 and its 200-day moving average price is $7.06. NextDecade Corporation has a 12 month low of $4.75 and a 12 month high of $11.27. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -4.97 and a beta of 1.55. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 3.70.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.66) by $0.41. Equities research analysts forecast that NextDecade Corporation will post -2.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NEXT shares. Morgan Stanley boosted their price target on NextDecade from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextDecade in a research note on Friday, July 24th. The Goldman Sachs Group started coverage on NextDecade in a research report on Wednesday, July 15th. They issued a “neutral” rating and a $8.50 target price on the stock. Finally, Citigroup started coverage on shares of NextDecade in a report on Wednesday, May 13th. They issued a “buy” rating and a $11.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.10.

NextDecade Profile

NextDecade Corporation is a Houston?based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large?scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low?carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.