Halcyon Management Partners LP reduced its holdings in shares of Nextdecade Corp (NASDAQ:NEXT) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,418,153 shares of the company’s stock after selling 16,377 shares during the quarter. Nextdecade comprises 11.4% of Halcyon Management Partners LP’s investment portfolio, making the stock its 2nd biggest position. Halcyon Management Partners LP owned about 8.86% of Nextdecade worth $78,359,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. York Capital Management Global Advisors LLC lifted its stake in shares of Nextdecade by 8.6% during the 4th quarter. York Capital Management Global Advisors LLC now owns 57,681,503 shares of the company’s stock valued at $318,999,000 after buying an additional 4,558,034 shares in the last quarter. General Electric Co. bought a new stake in Nextdecade during the 3rd quarter worth approximately $32,400,000. Geode Capital Management LLC increased its holdings in Nextdecade by 69.6% during the 4th quarter. Geode Capital Management LLC now owns 179,897 shares of the company’s stock worth $1,496,000 after acquiring an additional 73,842 shares during the period. BlueCrest Capital Management Ltd increased its holdings in Nextdecade by 22.9% during the 4th quarter. BlueCrest Capital Management Ltd now owns 55,497 shares of the company’s stock worth $462,000 after acquiring an additional 10,346 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Nextdecade in the 3rd quarter worth $426,000. Institutional investors own 87.19% of the company’s stock.
In other news, Director Valinor Management, L.P. sold 28,750 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $6.75, for a total value of $194,062.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Valinor Capital Partners Offsh sold 11,500 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $8.85, for a total transaction of $101,775.00. The disclosure for this sale can be found here. Corporate insiders own 10.40% of the company’s stock.
NEXT has been the topic of several recent research reports. Cowen initiated coverage on shares of Nextdecade in a report on Friday, November 17th. They set an “outperform” rating and a $12.00 target price on the stock. Stifel Nicolaus started coverage on shares of Nextdecade in a research report on Thursday, January 4th. They set a “hold” rating and a $9.00 price target for the company. Finally, ValuEngine cut shares of Nextdecade from a “sell” rating to a “strong sell” rating in a research report on Friday, February 23rd.
NextDecade Corporation, formerly Harmony Merger Corp., is a development and management company. The Company is engaged in developing of land-based Liquefied Natural Gas (LNG) projects and associated pipelines in the integrated gas industry in the State of Texas. The Company is focused on providing solutions for LNG across the full value chain.
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