Catalyst Capital Advisors LLC Acquires 574,080 Shares of NextDecade Corporation $NEXT

Catalyst Capital Advisors LLC boosted its holdings in NextDecade Corporation (NASDAQ:NEXT) by 12.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,216,592 shares of the company’s stock after purchasing an additional 574,080 shares during the quarter. NextDecade comprises 0.7% of Catalyst Capital Advisors LLC’s portfolio, making the stock its 25th largest position. Catalyst Capital Advisors LLC’s holdings in NextDecade were worth $39,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of NextDecade by 22,782.4% during the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after purchasing an additional 3,873 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of NextDecade in the 2nd quarter worth approximately $36,000. Comerica Bank increased its position in NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after buying an additional 1,900 shares in the last quarter. Aster Capital Management DIFC Ltd increased its position in NextDecade by 111.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 7,201 shares of the company’s stock valued at $38,000 after buying an additional 3,792 shares in the last quarter. Finally, Smartleaf Asset Management LLC purchased a new position in NextDecade during the fourth quarter valued at $41,000. Institutional investors own 66.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings raised NextDecade from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, April 27th. The Goldman Sachs Group initiated coverage on NextDecade in a research report on Wednesday. They issued a “neutral” rating and a $8.50 price target for the company. Morgan Stanley upped their price target on shares of NextDecade from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, Citigroup assumed coverage on shares of NextDecade in a research report on Wednesday, May 13th. They set a “buy” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.10.

NextDecade Price Performance

NEXT opened at $7.68 on Friday. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $2.04 billion, a P/E ratio of -5.73 and a beta of 1.51. The company’s 50-day simple moving average is $8.05 and its two-hundred day simple moving average is $6.84. NextDecade Corporation has a 52-week low of $4.75 and a 52-week high of $12.12.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.15. As a group, analysts predict that NextDecade Corporation will post -2.16 EPS for the current year.

NextDecade Company Profile

NextDecade Corporation is a Houston‐based liquefied natural gas (LNG) and decarbonization company focused on the development, engineering, construction and operation of large‐scale LNG export facilities. The company’s core mission is to deliver cleaner energy solutions to global customers while integrating carbon capture and sequestration technologies to reduce greenhouse gas emissions. NextDecade’s projects are designed to leverage abundant U.S. natural gas supplies to meet growing worldwide demand for low‐carbon fuel.

NextDecade’s flagship project, Rio Grande LNG, is located at the Port of Brownsville in southern Texas.