Clear Harbor Asset Management LLC Takes $99,000 Position in NextDecade Co. (NASDAQ:NEXT)

Clear Harbor Asset Management LLC bought a new position in shares of NextDecade Co. (NASDAQ:NEXT) during the third quarter, HoldingsChannel reports. The firm bought 21,000 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new stake in shares of NextDecade during the 1st quarter worth approximately $60,000. Wealth Enhancement Advisory Services LLC bought a new position in NextDecade in the third quarter worth $77,000. Marshall Wace LLP boosted its stake in NextDecade by 21.9% during the second quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock worth $102,000 after buying an additional 2,300 shares in the last quarter. Banque Pictet & Cie SA bought a new stake in NextDecade in the 2nd quarter valued at $108,000. Finally, nVerses Capital LLC acquired a new position in shares of NextDecade in the 2nd quarter valued at $122,000. 66.74% of the stock is currently owned by institutional investors.

NextDecade Price Performance

Shares of NextDecade stock opened at $5.87 on Monday. The firm has a market cap of $1.51 billion, a P/E ratio of -34.53 and a beta of 1.28. The firm’s 50-day simple moving average is $4.97 and its 200-day simple moving average is $6.37. NextDecade Co. has a twelve month low of $4.01 and a twelve month high of $8.52. The company has a debt-to-equity ratio of 2.22, a quick ratio of 0.45 and a current ratio of 0.45.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.28). As a group, research analysts expect that NextDecade Co. will post -1.23 EPS for the current fiscal year.

NextDecade Profile

NextDecade Corp. is a development company.