NextDecade Corporation (NASDAQ:NEXT – Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha purchased 205,160 shares of the business’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of $6.05 per share, with a total value of $1,241,218.00. Following the acquisition, the insider owned 22,887,726 shares in the company, valued at approximately $138,470,742.30. This represents a 0.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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, December 2nd, Aerospace Co. Ltd. Hanwha bought 310,964 shares of NextDecade stock. The stock was purchased at an average cost of $5.93 per share, with a total value of $1,844,016.52.
- On Friday, November 28th, Aerospace Co. Ltd. Hanwha acquired 111,084 shares of NextDecade stock. The shares were bought at an average cost of $6.12 per share, for a total transaction of $679,834.08.
- On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha bought 175,142 shares of NextDecade stock. The stock was purchased at an average price of $5.95 per share, for a total transaction of $1,042,094.90.
- On Tuesday, November 25th, Aerospace Co. Ltd. Hanwha purchased 285,502 shares of NextDecade stock. The shares were acquired at an average price of $5.73 per share, for a total transaction of $1,635,926.46.
- On Monday, November 24th, Aerospace Co. Ltd. Hanwha acquired 445,109 shares of NextDecade stock. The stock was bought at an average price of $5.59 per share, with a total value of $2,488,159.31.
- On Friday, November 21st, Aerospace Co. Ltd. Hanwha bought 419,477 shares of NextDecade stock. The shares were purchased at an average price 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 purchased 295,875 shares of NextDecade stock. The stock was bought at an average price of $5.87 per share, for a total transaction of $1,736,786.25.
- On Wednesday, November 19th, Aerospace Co. Ltd. Hanwha acquired 305,973 shares of NextDecade stock. The shares were bought at an average cost of $6.04 per share, with a total value of $1,848,076.92.
- On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha purchased 462,576 shares of NextDecade stock. The stock was bought at an average cost of $5.92 per share, with a total value of $2,738,449.92.
NextDecade Stock Performance
Shares of NextDecade stock opened at $6.12 on Thursday. The company has a market capitalization of $1.62 billion, a PE ratio of -8.38 and a beta of 1.90. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.34. The stock’s fifty day simple moving average is $6.18 and its 200 day simple moving average is $8.21. NextDecade Corporation has a 12 month low of $5.16 and a 12 month high of $12.12.
Institutional Investors Weigh In On NextDecade
A number of institutional investors have recently modified their holdings of the company. Cambria Investment Management L.P. grew its holdings in NextDecade by 25.0% during the 3rd quarter. Cambria Investment Management L.P. now owns 59,638 shares of the company’s stock worth $405,000 after acquiring an additional 11,925 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in NextDecade in the third quarter worth $97,000. Caxton Associates LLP acquired a new stake in NextDecade in the third quarter worth $92,000. Dark Forest Capital Management LP bought a new stake in NextDecade in the third quarter valued at $1,280,000. Finally, Voleon Capital Management LP acquired a new position in shares of NextDecade during the third quarter valued at about $174,000. 66.74% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Cowen downgraded NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a research note on Monday. TD Cowen lowered their price objective 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. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $10.00 target price (down previously from $15.00) on shares of NextDecade in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.50.
Read Our Latest Stock Report on NextDecade
NextDecade Company Profile
NextDecade Corp. is a development company.
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