Deutsche Bank AG Sells 15,666 Shares of Nextdecade Corp (NASDAQ:NEXT)

Deutsche Bank AG cut its holdings in shares of Nextdecade Corp (NASDAQ:NEXT) by 60.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,310 shares of the company’s stock after selling 15,666 shares during the period. Deutsche Bank AG’s holdings in Nextdecade were worth $54,000 as of its most recent SEC filing.

Separately, Rhumbline Advisers bought a new position in shares of Nextdecade during the fourth quarter worth about $70,000. Institutional investors own 85.49% of the company’s stock.

Shares of NEXT traded up $0.22 during mid-day trading on Friday, reaching $6.32. 484,709 shares of the company’s stock traded hands, compared to its average volume of 42,438. The firm’s 50-day simple moving average is $5.74. The company has a market cap of $695.91 million, a PE ratio of -15.41 and a beta of -0.46. Nextdecade Corp has a 12 month low of $3.15 and a 12 month high of $6.87.

Nextdecade (NASDAQ:NEXT) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.15) EPS for the quarter. Sell-side analysts forecast that Nextdecade Corp will post -0.56 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. Wolfe Research raised shares of Nextdecade from an “underperform” rating to a “market perform” rating in a report on Friday, April 5th. Zacks Investment Research cut shares of Nextdecade from a “hold” rating to a “sell” rating in a report on Saturday, April 6th. Finally, Gabelli assumed coverage on shares of Nextdecade in a report on Monday, May 13th. They issued a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Nextdecade presently has a consensus rating of “Hold” and an average price target of $6.90.

Nextdecade Profile

NextDecade Corporation, a liquefied natural gas (LNG) development company, engages in the development of LNG export projects and associated pipelines in the State of Texas. It intends to develop a portfolio of LNG projects, including Rio Grande LNG export facility, which has a liquefaction capacity of 27 million tons of LNG per annum located in Brownsville, Texas; and the 137-mile Rio Bravo Pipeline that transports natural gas from the Agua Dulce supply area to Rio Grande LNG.

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Institutional Ownership by Quarter for Nextdecade (NASDAQ:NEXT)

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