Valinor Management L.P. Reduces Holdings in NextDecade Co. (NASDAQ:NEXT)

Posted by KOP Source Staff on May 3rd, 2024

Valinor Management L.P. reduced its position in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) by 15.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,987,122 shares of the company’s stock after selling 2,771,487 shares during the quarter. NextDecade accounts for approximately 100.0% of Valinor Management L.P.’s investment portfolio, making the stock its biggest holding. Valinor Management L.P. owned approximately 5.84% of NextDecade worth $71,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEXT. Lasry Marc acquired a new position in shares of NextDecade in the third quarter valued at $36,764,000. Vanguard Group Inc. increased its holdings in shares of NextDecade by 58.6% in the third quarter. Vanguard Group Inc. now owns 6,652,380 shares of the company’s stock valued at $34,060,000 after purchasing an additional 2,459,173 shares during the last quarter. UBS Group AG increased its holdings in shares of NextDecade by 337.0% in the third quarter. UBS Group AG now owns 1,892,593 shares of the company’s stock valued at $9,690,000 after purchasing an additional 1,459,457 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of NextDecade by 7,187.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 929,487 shares of the company’s stock valued at $4,434,000 after acquiring an additional 916,732 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of NextDecade by 102.9% in the third quarter. Alps Advisors Inc. now owns 209,649 shares of the company’s stock valued at $1,073,000 after acquiring an additional 106,315 shares in the last quarter. 66.74% of the stock is owned by institutional investors.

NextDecade Stock Performance

Shares of NEXT stock traded up $0.09 on Thursday, hitting $6.50. The company’s stock had a trading volume of 932,959 shares, compared to its average volume of 1,096,605. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.57 and a current ratio of 0.57. The stock’s 50 day moving average is $5.60 and its 200-day moving average is $5.04. NextDecade Co. has a fifty-two week low of $4.01 and a fifty-two week high of $8.74. The company has a market capitalization of $1.68 billion, a PE ratio of -8.32 and a beta of 1.28.