Aerospace Co. Ltd. Hanwha Acquires 241,946 Shares of NextDecade (NASDAQ:NEXT) Stock

NextDecade Corporation (NASDAQ:NEXTGet Free Report) major shareholder Aerospace Co. Ltd. Hanwha purchased 241,946 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average price of $6.04 per share, with a total value of $1,461,353.84. Following the completion of the acquisition, the insider owned 23,440,636 shares of the company’s stock, valued at approximately $141,581,441.44. This represents a 1.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Friday, December 5th, Aerospace Co. Ltd. Hanwha bought 151,058 shares of NextDecade stock. The shares were purchased at an average price of $6.21 per share, for a total transaction of $938,070.18.
  • On Thursday, December 4th, Aerospace Co. Ltd. Hanwha purchased 243,959 shares of NextDecade stock. The stock was acquired at an average price of $6.19 per share, with a total value of $1,510,106.21.
  • On Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha purchased 310,964 shares of NextDecade stock. The shares were acquired 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 acquired 205,160 shares of NextDecade stock. The shares were acquired at an average price of $6.05 per share, for a total transaction of $1,241,218.00.
  • On Friday, November 28th, Aerospace Co. Ltd. Hanwha acquired 111,084 shares of NextDecade stock. The stock was acquired at an average cost of $6.12 per share, with a total value of $679,834.08.
  • On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha bought 175,142 shares of NextDecade stock. The stock was acquired 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 purchased 285,502 shares of NextDecade stock. The stock was acquired 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 purchased 445,109 shares of NextDecade stock. The stock was acquired 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 acquired 419,477 shares of NextDecade stock. The shares were bought 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 acquired 347,630 shares of NextDecade stock. The shares were bought at an average price of $6.02 per share, for a total transaction of $2,092,732.60.

NextDecade Trading Down 1.3%

Shares of NEXT traded down $0.08 during mid-day trading on Friday, hitting $6.15. The company had a trading volume of 2,170,396 shares, compared to its average volume of 2,746,704. NextDecade Corporation has a 1-year low of $5.16 and a 1-year high of $12.12. The business’s 50-day simple moving average is $6.17 and its 200-day simple moving average is $8.19. The stock has a market cap of $1.63 billion, a PE ratio of -8.42 and a beta of 1.90. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.34.

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). Sell-side analysts forecast that NextDecade Corporation will post -0.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. TD Cowen reduced their price objective on NextDecade from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Morgan Stanley reissued an “equal weight” rating and set a $10.00 target price (down previously from $15.00) on shares of NextDecade in a research report on Friday, September 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a research report on Monday. Finally, Cowen downgraded shares of NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.50.

Get Our Latest Stock Report on NEXT

Institutional Investors Weigh In On NextDecade

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. increased its stake in shares of NextDecade by 520.0% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,550,000 shares of the company’s stock worth $13,810,000 after buying an additional 1,300,000 shares during the last quarter. Nuveen LLC bought a new stake in shares of NextDecade in the 1st quarter worth about $8,147,000. Brightline Capital Management LLC acquired a new stake in shares of NextDecade in the 1st quarter valued at about $7,780,000. Qube Research & Technologies Ltd acquired a new stake in shares of NextDecade in the 3rd quarter valued at about $4,935,000. Finally, Squarepoint Ops LLC lifted its position in shares of NextDecade by 425.0% during the third quarter. Squarepoint Ops LLC now owns 790,009 shares of the company’s stock worth $5,364,000 after purchasing an additional 639,534 shares during the last quarter. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

About NextDecade

(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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