SL Advisors LLC Boosts Stake in NextDecade Co. (NASDAQ:NEXT)

Posted by Cheyenne Larson on Jan 8th, 2025

SL Advisors LLC boosted its position in NextDecade Co. (NASDAQ:NEXT – Free Report) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 853,529 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. NextDecade comprises 10.9% of SL Advisors LLC’s portfolio, making the stock its 2nd biggest holding. SL Advisors LLC’s holdings in NextDecade were worth $6,581,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of NextDecade by 24.8% in 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 last quarter. State Street Corp grew its holdings in NextDecade by 7.1% during the 3rd 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. Catalyst Capital Advisors LLC raised its position in shares of NextDecade by 4.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,627,416 shares of the company’s stock worth $17,085,000 after acquiring an additional 150,800 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of NextDecade in the 2nd quarter valued at about $23,231,000. Finally, Charles Schwab Investment Management Inc. grew its stake in NextDecade by 43.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock worth $5,015,000 after purchasing an additional 321,603 shares during the period. 66.74% of the stock is currently owned by institutional investors.

NextDecade Trading Up 1.4 %

NEXT stock traded up $0.11 during mid-day trading on Wednesday, reaching $7.82. The company’s stock had a trading volume of 693,307 shares, compared to its average volume of 1,864,674. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -6.98 and a beta of 1.29. NextDecade Co. has a 12 month low of $4.26 and a 12 month high of $8.52. The business’s 50 day moving average price is $7.02 and its 200 day moving average price is $6.36. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 3.17.