Catalyst Capital Advisors LLC Has $17.09 Million Position in NextDecade Co. (NASDAQ:NEXT)

Posted by Dante Gardener on Nov 5th, 2024

Catalyst Capital Advisors LLC increased its holdings in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) by 4.3% during the third quarter, Holdings Channel reports. The fund owned 3,627,416 shares of the company’s stock after acquiring an additional 150,800 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in NextDecade were worth $17,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its holdings in NextDecade by 115.2% in the 3rd quarter. Van ECK Associates Corp now owns 67,798 shares of the company’s stock valued at $319,000 after buying an additional 36,291 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of NextDecade by 108.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 181,106 shares of the company’s stock worth $853,000 after purchasing an additional 94,076 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of NextDecade during the 3rd quarter worth $99,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NextDecade during the 3rd quarter worth $77,000. Finally, SL Advisors LLC lifted its position in shares of NextDecade by 5.1% during the 3rd quarter. SL Advisors LLC now owns 823,529 shares of the company’s stock worth $3,879,000 after buying an additional 39,830 shares during the last quarter. 66.74% of the stock is owned by institutional investors and hedge funds.

NextDecade Stock Up 1.7 %

Shares of NEXT stock opened at $5.48 on Tuesday. 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 Co. has a twelve month low of $4.01 and a twelve month high of $8.52. The business has a fifty day simple moving average of $5.07 and a 200 day simple moving average of $6.36.

NextDecade (NASDAQ:NEXT – Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.28). On average, research analysts predict that NextDecade Co. will post -1.01 EPS for the current fiscal year.