NextDecade Corporation (NASDAQ:NEXT – Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha purchased 175,142 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was purchased at an average price of $5.95 per share, for a total transaction of $1,042,094.90. Following the completion of the acquisition, the insider owned 22,571,482 shares of the company’s stock, valued at approximately $134,300,317.90. This represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Aerospace Co. Ltd. Hanwha also recently made the following trade(s):
- On Tuesday, November 25th, Aerospace Co. Ltd. Hanwha bought 285,502 shares of NextDecade stock. The stock was purchased at an average cost of $5.73 per share, for a total transaction of $1,635,926.46.
- On Monday, November 24th, Aerospace Co. Ltd. Hanwha bought 445,109 shares of NextDecade stock. The stock was 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 purchased 419,477 shares of NextDecade stock. The shares were purchased at an average cost of $5.73 per share, with a total value of $2,403,603.21.
- On Thursday, November 20th, Aerospace Co. Ltd. Hanwha purchased 347,630 shares of NextDecade stock. The shares were acquired at an average cost of $6.02 per share, with a total value of $2,092,732.60.
- On Monday, November 17th, Aerospace Co. Ltd. Hanwha acquired 295,875 shares of NextDecade stock. The stock was acquired at an average cost of $5.87 per share, for a total transaction of $1,736,786.25.
- On Wednesday, November 19th, Aerospace Co. Ltd. Hanwha bought 305,973 shares of NextDecade stock. The shares were acquired at an average price of $6.04 per share, with a total value of $1,848,076.92.
- On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha bought 462,576 shares of NextDecade stock. The stock was acquired at an average cost of $5.92 per share, with a total value of $2,738,449.92.
- On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha purchased 591,837 shares of NextDecade stock. The shares were acquired at an average cost of $6.07 per share, for a total transaction of $3,592,450.59.
- On Wednesday, September 24th, Aerospace Co. Ltd. Hanwha acquired 449,510 shares of NextDecade stock. The shares were acquired at an average price of $7.02 per share, with a total value of $3,155,560.20.
- On Tuesday, September 23rd, Aerospace Co. Ltd. Hanwha acquired 551,819 shares of NextDecade stock. The stock was bought at an average price of $6.99 per share, with a total value of $3,857,214.81.
NextDecade Stock Performance
NEXT opened at $6.00 on Friday. NextDecade Corporation has a 52-week low of $5.16 and a 52-week high of $12.12. The firm has a market capitalization of $1.59 billion, a PE ratio of -8.22 and a beta of 1.71. 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 business’s 50-day simple moving average is $6.25 and its 200 day simple moving average is $8.26.
Hedge Funds Weigh In On NextDecade
Several large investors have recently modified their holdings of NEXT. PNC Financial Services Group Inc. boosted its holdings in shares of NextDecade by 137.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company’s stock worth $25,000 after buying an additional 1,886 shares during the period. US Bancorp DE lifted its position in NextDecade by 22,782.4% during the third 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 last quarter. Bessemer Group Inc. acquired a new stake in NextDecade during the third quarter worth approximately $29,000. Comerica Bank boosted its holdings in shares of NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after acquiring an additional 1,900 shares during the period. Finally, AlphaQuest LLC grew its position in shares of NextDecade by 102.2% in the second quarter. AlphaQuest LLC now owns 3,961 shares of the company’s stock valued at $35,000 after purchasing an additional 2,002 shares during the last quarter. 66.74% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
NEXT has been the topic of a number of recent analyst reports. Cowen downgraded shares of NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Zacks Research upgraded shares of NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. TD Cowen cut their target price on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, October 23rd. Morgan Stanley reissued an “equal weight” rating and set a $10.00 price target (down previously from $15.00) on shares of NextDecade in a research report on Friday, September 12th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NextDecade in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NextDecade currently has a consensus rating of “Hold” and a consensus price target of $8.50.
Check Out Our Latest Report on NEXT
About NextDecade
NextDecade Corp. is a development company.
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