Cannell & Spears LLC Purchases New Position in NextDecade Co. (NASDAQ:NEXT)

Posted by Tyrone Williams on Apr 1st, 2025

Cannell & Spears LLC acquired a new position in shares of NextDecade Co. (NASDAQ:NEXT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 170,750 shares of the company’s stock, valued at approximately $1,316,000. Cannell & Spears LLC owned approximately 0.07% of NextDecade at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its holdings in NextDecade by 350.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,479 shares of the company’s stock worth $35,000 after acquiring an additional 3,485 shares during the period. Mainstream Capital Management LLC acquired a new position in shares of NextDecade during the fourth quarter worth $56,000. Briaud Financial Planning Inc boosted its stake in shares of NextDecade by 29.2% in the fourth quarter. Briaud Financial Planning Inc now owns 9,333 shares of the company’s stock valued at $71,000 after purchasing an additional 2,109 shares during the period. Cibc World Markets Corp acquired a new stake in NextDecade during the 4th quarter valued at $83,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in NextDecade during the 4th quarter worth $91,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

NextDecade Stock Performance

NASDAQ:NEXT opened at $7.78 on Tuesday. The firm has a 50-day moving average of $8.03 and a two-hundred day moving average of $7.03. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $2.03 billion, a P/E ratio of -6.95 and a beta of 1.18. NextDecade Co. has a 1-year low of $4.27 and a 1-year high of $9.71.

NextDecade (NASDAQ:NEXT – Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported ($1.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($1.67). On average, research analysts expect that NextDecade Co. will post -0.61 earnings per share for the current fiscal year.