Cohen & Steers Inc. decreased its stake in NextDecade Co. (NASDAQ:NEXT – Get Rating) by 31.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,740 shares of the company's stock after selling 90,734 shares during the period. Cohen & Steers Inc. owned approximately 0.16% of NextDecade worth $1,283,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of NEXT. First Trust Advisors LP boosted its position in shares of NextDecade by 15.3% in the fourth quarter. First Trust Advisors LP now owns 42,183 shares of the company's stock worth $120,000 after buying an additional 5,611 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of NextDecade by 22.5% in the fourth quarter. Rafferty Asset Management LLC now owns 38,097 shares of the company's stock worth $109,000 after acquiring an additional 7,001 shares in the last quarter. PEAK6 Investments LLC acquired a new position in shares of NextDecade in the fourth quarter worth about $174,000. 683 Capital Management LLC acquired a new position in shares of NextDecade in the fourth quarter worth about $341,000. Finally, Cushing Asset Management LP acquired a new position in shares of NextDecade in the fourth quarter worth about $807,000. Hedge funds and other institutional investors own 67.05% of the company's stock.
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Separately, Stifel Nicolaus upgraded NextDecade from a "sell" rating to a "hold" rating and boosted their price target for the stock from $4.50 to $6.00 in a research note on Thursday, July 28th.
NextDecade Stock Down 1.0 %
Shares of NASDAQ NEXT opened at $6.83 on Monday. The stock's 50 day moving average price is $6.69 and its two-hundred day moving average price is $6.00. NextDecade Co. has a 52-week low of $2.08 and a 52-week high of $8.95. The stock has a market capitalization of $878.97 million, a P/E ratio of -25.30 and a beta of 0.94.About NextDecade
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NextDecade Corp. is a development company.
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