Aerospace Co. Ltd. Hanwha Purchases 295,875 Shares of NextDecade (NASDAQ:NEXT) Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha acquired 295,875 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average cost of $5.87 per share, for a total transaction of $1,736,786.25. Following the purchase, the insider directly owned 20,130,073 shares in the company, valued at approximately $118,163,528.51. This trade represents a 1.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 Wednesday, November 19th, Aerospace Co. Ltd. Hanwha purchased 305,973 shares of NextDecade stock. The shares were purchased at an average cost of $6.04 per share, for a total transaction of $1,848,076.92.
• On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha purchased 462,576 shares of NextDecade stock. The shares were purchased at an average price of $5.92 per share, for a total transaction of $2,738,449.92.
• On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha acquired 591,837 shares of NextDecade stock. The stock was purchased at an average cost of $6.07 per share, with a total value of $3,592,450.59.
• On Wednesday, September 24th, Aerospace Co. Ltd. Hanwha acquired 449,510 shares of NextDecade stock. The stock was purchased 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 bought 551,819 shares of NextDecade stock. The shares were purchased at an average cost of $6.99 per share, for a total transaction of $3,857,214.81.

NextDecade Price Performance

Shares of NextDecade stock traded up $0.02 on Wednesday, hitting $6.01. The company’s stock had a trading volume of 2,580,891 shares, compared to its average volume of 2,831,204. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -8.23 and a beta of 1.71. NextDecade Corporation has a 1 year low of $5.16 and a 1 year 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 fifty day moving average price of $6.37 and a 200-day moving average price of $8.33.

NextDecade (NASDAQ:NEXT) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.10). As a group, sell-side analysts anticipate that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextDecade

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted 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 worth $25,000 after buying an additional 1,886 shares in the last quarter. US Bancorp DE increased 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 worth $26,000 after acquiring an additional 3,873 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of NextDecade during the 3rd quarter worth $29,000. Comerica Bank boosted its position in shares of NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after acquiring an additional 1,900 shares during the last quarter. Finally, AlphaQuest LLC grew its holdings 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 period. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen reduced their price target 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. Weiss Ratings reissued a “sell (e+)” rating on shares of NextDecade in a report on Thursday, November 13th. Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Seaport Res Ptn upgraded NextDecade to a “strong-buy” rating in a research report on Friday, July 25th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price objective (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. One investment 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.50.

NextDecade Company Profile

NextDecade Corp. is a development company.