NextDecade Target of Unusually High Options Trading (NASDAQ:NEXT)

NextDecade Co. (NASDAQ:NEXT) saw some unusual options trading activity on Friday. Investors purchased 4,278 call options on the stock. This is an increase of approximately 27% compared to the typical volume of 3,378 call options.

Hedge Funds Weigh In On NextDecade

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in NextDecade by 24.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,026,930 shares of the company’s stock worth $14,260,000 after acquiring an additional 600,630 shares during the period. State Street Corp lifted its holdings in NextDecade by 7.1% in the third quarter. State Street Corp now owns 2,330,172 shares of the company’s stock worth $10,975,000 after purchasing an additional 155,309 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in NextDecade by 43.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,064,816 shares of the company’s stock worth $5,015,000 after purchasing an additional 321,603 shares during the period. Catalyst Capital Advisors LLC grew its position in NextDecade by 3.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 3,750,486 shares of the company’s stock valued at $28,916,000 after buying an additional 123,070 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in NextDecade during the 4th quarter valued at about $537,000. 66.74% of the stock is owned by institutional investors.

NextDecade Stock Down 4.3 %

NextDecade stock opened at $8.05 on Friday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.49 and a current ratio of 0.49. NextDecade has a one year low of $4.27 and a one year high of $9.71. The company has a 50-day simple moving average of $8.06 and a 200-day simple moving average of $6.98. The firm has a market capitalization of $2.10 billion, a P/E ratio of -7.19 and a beta of 1.18.

NextDecade (NASDAQ:NEXT) last posted its earnings results on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing the consensus estimate of ($0.19) by ($1.67). As a group, equities analysts expect that NextDecade will post -0.61 earnings per share for the current year.

About NextDecade

NextDecade Corp. is a development company.