NextDecade Co. (NASDAQ:NEXT) Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NextDecade Co. (NASDAQ:NEXT) by 16.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,778 shares of the company’s stock after acquiring an additional 19,939 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NextDecade were worth $682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Encompass Capital Advisors LLC acquired a new position in NextDecade in the second quarter worth about $23,231,000. Wolf Hill Capital Management LP acquired a new stake in NextDecade during the second quarter valued at approximately $7,096,000. Charles Schwab Investment Management Inc. lifted its holdings in NextDecade by 43.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock worth $5,015,000 after buying an additional 321,603 shares during the last quarter. Algert Global LLC grew its position in shares of NextDecade by 236.7% in the 3rd quarter. Algert Global LLC now owns 386,142 shares of the company’s stock worth $1,819,000 after acquiring an additional 271,458 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of NextDecade by 108.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company’s stock valued at $3,504,000 after acquiring an additional 229,646 shares during the last quarter. Institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

NEXT stock opened at $6.56 on Friday. The stock’s 50 day simple moving average is $6.53 and its 200 day simple moving average is $6.41. NextDecade Co. has a 12-month low of $4.26 and a 12-month high of $8.52. The firm has a market cap of $1.71 billion, a P/E ratio of -5.86 and a beta of 1.29. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17.

About NextDecade

NextDecade Corp. is a development company.