Catalyst Capital Advisors LLC Acquires 150,800 Shares of NextDecade Co. (NASDAQ:NEXT)

Posted by Jared Coughlin on Nov 5th, 2024

Catalyst Capital Advisors LLC lifted its holdings in NextDecade Co. (NASDAQ:NEXT – Free Report) by 4.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,627,416 shares of the company’s stock after buying an additional 150,800 shares during the quarter. Catalyst Capital Advisors LLC owned about 1.41% of NextDecade worth $17,085,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Encompass Capital Advisors LLC acquired a new stake in NextDecade in the second quarter worth about $23,231,000. Wolf Hill Capital Management LP acquired a new stake in NextDecade in the second quarter worth about $7,096,000. SG Americas Securities LLC acquired a new stake in NextDecade in the first quarter worth about $1,726,000. Bank of New York Mellon Corp increased its position in NextDecade by 108.5% in the second quarter. Bank of New York Mellon Corp now owns 441,343 shares of the company’s stock worth $3,504,000 after purchasing an additional 229,646 shares during the period. Finally, Algert Global LLC acquired a new stake in NextDecade in the second quarter worth about $911,000. 66.74% of the stock is owned by institutional investors.

NextDecade Stock Up 1.7 %

NextDecade stock opened at $5.48 on Tuesday. NextDecade Co. has a 1 year low of $4.01 and a 1 year high of $8.52. The business has a 50-day moving average of $5.07 and a 200-day moving average of $6.36. 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 – Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.28). As a group, sell-side analysts expect that NextDecade Co. will post -1.01 EPS for the current year.