NextDecade Co. (NASDAQ:NEXT) Stake Cut by Pacer Advisors Inc.

Posted by on Sep 29th, 2023

Pacer Advisors Inc. reduced its holdings in NextDecade Co. (NASDAQ:NEXT – Free Report) by 40.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,925 shares of the company’s stock after selling 82,252 shares during the period. Pacer Advisors Inc. owned about 0.08% of NextDecade worth $1,009,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in NextDecade by 437.8% in the 3rd quarter. Royal Bank of Canada now owns 5,244 shares of the company’s stock worth $31,000 after acquiring an additional 4,269 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of NextDecade by 1,195.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,732 shares of the company’s stock worth $34,000 after purchasing an additional 7,135 shares in the last quarter. BNP Paribas Arbitrage SNC raised its stake in shares of NextDecade by 191.4% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 7,771 shares of the company’s stock worth $39,000 after purchasing an additional 5,104 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of NextDecade by 100.0% during the 1st quarter. Captrust Financial Advisors now owns 10,000 shares of the company’s stock worth $66,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of NextDecade during the 1st quarter worth about $62,000.

NextDecade Stock Performance

Shares of NASDAQ NEXT opened at $5.22 on Friday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -7.15 and a beta of 1.06. The business’s 50-day simple moving average is $5.76 and its 200-day simple moving average is $5.96. NextDecade Co. has a 52 week low of $3.92 and a 52 week high of $8.74.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEXT. Wolfe Research raised NextDecade from a “peer perform” rating to an “outperform” rating and set a $8.00 price target for the company in a research note on Wednesday, August 16th. Stifel Nicolaus raised NextDecade from a “hold” rating to a “buy” rating and raised their price target for the stock from $7.50 to $9.00 in a research note on Tuesday, August 15th.

Get Our Latest Stock Analysis on NEXT

NextDecade Company Profile

(Free Report)

NextDecade Corp. is a development company.

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Institutional Ownership by Quarter for NextDecade (NASDAQ:NEXT)

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