Jacobs Levy Equity Management Inc. lessened its position in shares of Nextracker Inc. (NASDAQ:NXT – Free Report) by 73.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 96,978 shares of the company’s stock after selling 266,904 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.07% of Nextracker worth $3,635,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in NXT. GAMMA Investing LLC grew its position in shares of Nextracker by 73.2% in the second quarter. GAMMA Investing LLC now owns 660 shares of the company’s stock valued at $31,000 after purchasing an additional 279 shares during the last quarter. Fifth Third Bancorp grew its holdings in Nextracker by 1,602.5% during the 2nd quarter. Fifth Third Bancorp now owns 681 shares of the company’s stock valued at $32,000 after buying an additional 641 shares during the last quarter. TFC Financial Management Inc. purchased a new position in Nextracker during the second quarter worth $32,000. Rothschild Investment LLC acquired a new position in shares of Nextracker in the second quarter worth $35,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Nextracker in the third quarter valued at $75,000. 67.41% of the stock is currently owned by hedge funds and other institutional investors.
Nextracker Stock Down 0.4 %
Shares of NASDAQ NXT opened at $36.29 on Friday. The stock has a fifty day moving average price of $36.91 and a 200 day moving average price of $42.78. The company has a current ratio of 2.21, a quick ratio of 1.99 and a debt-to-equity ratio of 0.11. Nextracker Inc. has a 12-month low of $30.93 and a 12-month high of $62.31. The company has a market cap of $5.28 billion, a P/E ratio of 9.05 and a beta of 2.09.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on Nextracker
About Nextracker
Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and distributed generation solar projects in the United States and internationally. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.
Featured Articles
- Five stocks we like better than Nextracker
- Manufacturing Stocks Investing
- Trinity Capital CEO on Leading Private Credit’s High-Yield Growth
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Lululemon Surges On Q3 Report: Analysts Step in To Support Market
- Learn Technical Analysis Skills to Master the Stock Market
- 10 Safe Investments with High Returns
Receive News & Ratings for Nextracker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nextracker and related companies with MarketBeat.com's FREE daily email newsletter.