Valinor Management L.P. Has $71.49 Million Stock Holdings in NextDecade Co. (NASDAQ:NEXT)

Valinor Management L.P. lowered its stake in NextDecade Co. (NASDAQ:NEXT) by 15.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,987,122 shares of the company’s stock after selling 2,771,487 shares during the quarter. NextDecade accounts for 100.0% of Valinor Management L.P.’s portfolio, making the stock its biggest position. Valinor Management L.P. owned 0.06% of NextDecade worth $71,489,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEXT. Aigen Investment Management LP bought a new position in shares of NextDecade during the fourth quarter valued at approximately $153,000. Amalgamated Bank increased its position in NextDecade by 138.1% during the 4th quarter. Amalgamated Bank now owns 11,187 shares of the company’s stock valued at $53,000 after purchasing an additional 6,489 shares during the period. Swiss National Bank raised its holdings in NextDecade by 26.1% in the 4th quarter. Swiss National Bank now owns 166,500 shares of the company’s stock worth $794,000 after purchasing an additional 34,500 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of NextDecade by 74.7% in the 4th quarter. New York State Common Retirement Fund now owns 111,572 shares of the company’s stock worth $532,000 after purchasing an additional 47,722 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NextDecade by 7,187.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 929,487 shares of the company’s stock valued at $4,434,000 after purchasing an additional 916,732 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

NextDecade Trading Up 1.4 %

Shares of NASDAQ NEXT traded up $0.09 during midday trading on Thursday, hitting $6.50. 932,959 shares of the company traded hands, compared to its average volume of 1,096,605. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.57 and a current ratio of 0.57. NextDecade Co. has a 12-month low of $4.01 and a 12-month high of $8.74. The stock has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.04. The firm has a market cap of $1.68 billion, a P/E ratio of -8.32 and a beta of 1.28.

About NextDecade

NextDecade Corp. is a development company.