Geode Capital Management LLC Has $14.26 Million Stake in NextDecade Co. (NASDAQ:NEXT)

Geode Capital Management LLC increased its stake in shares of NextDecade Co. (NASDAQ:NEXT) by 24.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,026,930 shares of the company’s stock after acquiring an additional 600,630 shares during the period. Geode Capital Management LLC’s holdings in NextDecade were worth $14,260,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Twin Securities Inc. bought a new stake in NextDecade during the 3rd quarter valued at approximately $52,000. Wealth Enhancement Advisory Services LLC bought a new stake in NextDecade during the 3rd quarter valued at approximately $77,000. Clear Harbor Asset Management LLC bought a new stake in NextDecade during the 3rd quarter valued at approximately $99,000. Marshall Wace LLP boosted its stake in NextDecade by 21.9% during the 2nd quarter. Marshall Wace LLP now owns 12,800 shares of the company’s stock valued at $102,000 after purchasing an additional 2,300 shares during the period. Finally, nVerses Capital LLC bought a new stake in NextDecade during the 2nd quarter valued at approximately $122,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

NextDecade Price Performance

Shares of NASDAQ:NEXT opened at $6.98 on Tuesday. The business has a 50 day moving average price of $6.72 and a 200 day moving average price of $6.36. NextDecade Co. has a twelve month low of $4.26 and a twelve month high of $8.52. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -6.23 and a beta of 1.29. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.17.

NextDecade Company Profile

NextDecade Corp. is a development company.