Principal Financial Group Inc. reduced its position in NextDecade Co. (NASDAQ:NEXT – Free Report) by 30.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,810 shares of the company’s stock after selling 4,809 shares during the period. Principal Financial Group Inc.’s holdings in NextDecade were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of NextDecade by 24.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock valued at $14,260,000 after purchasing an additional 600,630 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in NextDecade during the third quarter valued at approximately $140,000. Wellington Management Group LLP purchased a new stake in NextDecade during the third quarter valued at approximately $488,000. State Street Corp raised its position in NextDecade by 7.1% in the third quarter. State Street Corp now owns 2,330,172 shares of the company’s stock worth $10,975,000 after acquiring an additional 155,309 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of NextDecade by 97.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 4,623,370 shares of the company’s stock worth $21,776,000 after acquiring an additional 2,286,050 shares during the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.
NextDecade Trading Down 4.9 %
NASDAQ:NEXT opened at $7.71 on Wednesday. NextDecade Co. has a one year low of $4.26 and a one year high of $8.52. The business has a fifty day moving average price of $7.02 and a 200-day moving average price of $6.36. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -6.88 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49.
About NextDecade
NextDecade Corp. is a development company.
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