NextDecade Co. (NASDAQ:NEXT – Get Free Report) was the recipient of unusually large options trading on Thursday. Investors bought 3,171 put options on the company. This represents an increase of 257% compared to the typical volume of 888 put options.
NextDecade Price Performance
Shares of NEXT stock opened at $6.23 on Friday. The stock has a 50-day moving average price of $5.27 and a 200 day moving average price of $4.90. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 2.45. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -8.09 and a beta of 1.32. NextDecade has a 12 month low of $4.01 and a 12 month high of $8.74.
Hedge Funds Weigh In On NextDecade
Several institutional investors have recently modified their holdings of the stock. American International Group Inc. lifted its holdings in shares of NextDecade by 11.8% during the 4th quarter. American International Group Inc. now owns 17,114 shares of the company’s stock valued at $85,000 after purchasing an additional 1,800 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of NextDecade by 4.5% during the 1st quarter. Rhumbline Advisers now owns 52,161 shares of the company’s stock valued at $259,000 after purchasing an additional 2,252 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of NextDecade by 3.5% during the 4th quarter. AQR Capital Management LLC now owns 69,109 shares of the company’s stock valued at $341,000 after purchasing an additional 2,369 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of NextDecade by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 105,286 shares of the company’s stock valued at $539,000 after purchasing an additional 2,567 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its holdings in shares of NextDecade by 39.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 10,811 shares of the company’s stock valued at $65,000 after purchasing an additional 3,079 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.
About NextDecade
NextDecade Corp. is a development company.
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