Aerospace Co. Ltd. Hanwha Acquires 175,142 Shares of NextDecade (NASDAQ:NEXT) Stock

NextDecade Corporation (NASDAQ:NEXTGet 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.

NextDecade (NASDAQ:NEXTGet Free Report) last posted its quarterly 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). As a group, sell-side analysts expect that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

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

(Get Free Report)

NextDecade Corp. is a development company.

Further Reading

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

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