NextDecade (NASDAQ:NEXT) Major Shareholder Aerospace Co. Ltd. Hanwha Purchases 205,160 Shares

NextDecade Corporation (NASDAQ:NEXTGet Free Report) major shareholder Aerospace Co. Ltd. Hanwha acquired 205,160 shares of the stock in a transaction dated Monday, December 1st. The stock was bought at an average cost of $6.05 per share, with a total value of $1,241,218.00. Following the completion of the purchase, the insider directly owned 22,887,726 shares in the company, valued at approximately $138,470,742.30. The trade was a 0.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Aerospace Co. Ltd. Hanwha also recently made the following trade(s):

  • On Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha bought 310,964 shares of NextDecade stock. The shares were bought at an average cost of $5.93 per share, for a total transaction of $1,844,016.52.
  • On Friday, November 28th, Aerospace Co. Ltd. Hanwha purchased 111,084 shares of NextDecade stock. The shares were bought at an average price of $6.12 per share, for a total transaction of $679,834.08.
  • On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha purchased 175,142 shares of NextDecade stock. The stock was bought at an average price of $5.95 per share, with a total value of $1,042,094.90.
  • On Tuesday, November 25th, Aerospace Co. Ltd. Hanwha acquired 285,502 shares of NextDecade stock. The shares were purchased at an average cost of $5.73 per share, with a total value of $1,635,926.46.
  • On Monday, November 24th, Aerospace Co. Ltd. Hanwha acquired 445,109 shares of NextDecade stock. The shares were purchased at an average price of $5.59 per share, for a total transaction of $2,488,159.31.
  • On Friday, November 21st, Aerospace Co. Ltd. Hanwha bought 419,477 shares of NextDecade stock. The stock was purchased at an average cost of $5.73 per share, for a total transaction of $2,403,603.21.
  • On Thursday, November 20th, Aerospace Co. Ltd. Hanwha bought 347,630 shares of NextDecade stock. The stock was purchased at an average price of $6.02 per share, with a total value of $2,092,732.60.
  • On Monday, November 17th, Aerospace Co. Ltd. Hanwha purchased 295,875 shares of NextDecade stock. The shares were purchased at an average cost of $5.87 per share, with a total value of $1,736,786.25.
  • On Wednesday, November 19th, Aerospace Co. Ltd. Hanwha purchased 305,973 shares of NextDecade stock. The shares were purchased at an average price of $6.04 per share, for a total transaction of $1,848,076.92.
  • On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha acquired 462,576 shares of NextDecade stock. The stock was purchased at an average cost of $5.92 per share, for a total transaction of $2,738,449.92.

NextDecade Trading Down 2.5%

NASDAQ NEXT traded down $0.15 during trading on Tuesday, hitting $5.82. The stock had a trading volume of 2,671,679 shares, compared to its average volume of 2,746,768. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12. The stock has a 50 day simple moving average of $6.20 and a 200 day simple moving average of $8.22. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -7.97 and a beta of 1.90. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.64 and a current ratio of 0.64.

NextDecade (NASDAQ:NEXTGet Free Report) last released its earnings results on Thursday, October 30th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.10). Sell-side analysts predict that NextDecade Corporation will post -0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextDecade in a report on Monday. TD Cowen decreased their target price on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. Cowen lowered NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 target price (down from $15.00) on shares of NextDecade in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NextDecade has an average rating of “Hold” and a consensus price target of $8.50.

View Our Latest Report on NEXT

Institutional Investors Weigh In On NextDecade

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position in shares of NextDecade by 137.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company’s stock valued at $25,000 after acquiring an additional 1,886 shares during the period. US Bancorp DE lifted its position in NextDecade by 22,782.4% during the 3rd quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $26,000 after acquiring an additional 3,873 shares during the period. AlphaQuest LLC lifted its position in NextDecade by 102.2% during the 2nd quarter. AlphaQuest LLC now owns 3,961 shares of the company’s stock worth $35,000 after acquiring an additional 2,002 shares during the period. Raymond James Financial Inc. purchased a new stake in NextDecade during the 2nd quarter valued at about $36,000. Finally, Comerica Bank increased its holdings in shares of NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after purchasing an additional 1,900 shares during the period. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Company Profile

(Get Free Report)

NextDecade Corp. is a development company.

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Insider Buying and Selling by Quarter for NextDecade (NASDAQ:NEXT)

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