NextDecade (NASDAQ:NEXT) Major Shareholder Purchases $4,432,000.00 in Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha purchased 800,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average cost of $5.54 per share, with a total value of $4,432,000.00. Following the completion of the acquisition, the insider owned 26,420,222 shares in the company, valued at approximately $146,368,029.88. This represents a 3.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 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 Thursday, December 11th, Aerospace Co. Ltd. Hanwha bought 851,971 shares of NextDecade stock. The shares were acquired at an average price of $5.83 per share, with a total value of $4,966,990.93.
• On Wednesday, December 10th, Aerospace Co. Ltd. Hanwha purchased 600,000 shares of NextDecade stock. The stock was acquired at an average cost of $6.05 per share, with a total value of $3,630,000.00.
• On Tuesday, December 9th, Aerospace Co. Ltd. Hanwha purchased 293,131 shares of NextDecade stock. The stock was bought at an average price of $6.36 per share, with a total value of $1,864,313.16.
• On Monday, December 8th, Aerospace Co. Ltd. Hanwha purchased 39,467 shares of NextDecade stock. The shares were bought at an average cost of $6.26 per share, for a total transaction of $247,063.42.
• On Friday, December 5th, Aerospace Co. Ltd. Hanwha bought 151,058 shares of NextDecade stock. The shares were acquired at an average price of $6.21 per share, with a total value of $938,070.18.
• On Thursday, December 4th, Aerospace Co. Ltd. Hanwha bought 243,959 shares of NextDecade stock. The shares were acquired at an average cost of $6.19 per share, for a total transaction of $1,510,106.21.
• On Wednesday, December 3rd, Aerospace Co. Ltd. Hanwha bought 241,946 shares of NextDecade stock. The stock was acquired at an average cost of $6.04 per share, for a total transaction of $1,461,353.84.
• On Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha purchased 310,964 shares of NextDecade stock. The stock was bought at an average cost of $5.93 per share, for a total transaction of $1,844,016.52.
• On Monday, December 1st, Aerospace Co. Ltd. Hanwha bought 205,160 shares of NextDecade stock. The stock was bought at an average cost of $6.05 per share, for a total transaction of $1,241,218.00.
• On Friday, November 28th, Aerospace Co. Ltd. Hanwha bought 111,084 shares of NextDecade stock. The shares were acquired at an average cost of $6.12 per share, for a total transaction of $679,834.08.

NextDecade Price Performance

Shares of NASDAQ:NEXT traded down $0.33 during trading on Monday, reaching $5.13. The company had a trading volume of 9,118,407 shares, compared to its average volume of 3,092,053. NextDecade Corporation has a twelve month low of $5.09 and a twelve month high of $12.12. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $1.36 billion, a PE ratio of -7.03 and a beta of 1.90. The firm’s fifty day moving average is $6.02 and its 200 day moving average is $8.12.

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

Hedge Funds Weigh In On NextDecade

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in NextDecade by 137.2% during the first 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 in the last quarter. US Bancorp DE lifted its stake in shares of NextDecade by 22,782.4% in the 3rd 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. Bessemer Group Inc. bought a new stake in NextDecade in the third quarter worth $29,000. Comerica Bank boosted its holdings in NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after purchasing an additional 1,900 shares in the last quarter. Finally, AlphaQuest LLC increased its position in NextDecade by 102.2% during the second quarter. AlphaQuest LLC now owns 3,961 shares of the company’s stock worth $35,000 after buying an additional 2,002 shares during the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.

Analysts Set New Price Targets

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

NextDecade Company Profile

NextDecade Corp. is a development company.