NextDecade (NASDAQ:NEXT) Major Shareholder Aerospace Co. Ltd. Hanwha Purchases 347,630 Shares

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha acquired 347,630 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average cost of $6.02 per share, for a total transaction of $2,092,732.60. Following the completion of the transaction, the insider owned 21,246,252 shares in the company, valued at approximately $127,902,437.04. The trade was a 1.66% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Aerospace Co. Ltd. Hanwha also recently made the following trade(s):

• On Friday, November 21st, Aerospace Co. Ltd. Hanwha acquired 419,477 shares of NextDecade stock. The stock was purchased at an average price of $5.73 per share, with a total value of $2,403,603.21.
• On Monday, November 17th, Aerospace Co. Ltd. Hanwha acquired 295,875 shares of NextDecade stock. The shares were bought at an average cost of $5.87 per share, with a total value 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, 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 stock was acquired 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 bought 449,510 shares of NextDecade stock. The stock was bought at an average cost of $7.02 per share, for a total transaction of $3,155,560.20.
• On Tuesday, September 23rd, Aerospace Co. Ltd. Hanwha acquired 551,819 shares of NextDecade stock. The stock was purchased at an average cost of $6.99 per share, for a total transaction of $3,857,214.81.

NextDecade Stock Down 1.8%

Shares of NASDAQ NEXT traded down $0.10 on Monday, hitting $5.61. The company had a trading volume of 3,658,192 shares, compared to its average volume of 2,872,607. The firm has a market capitalization of $1.49 billion, a P/E ratio of -7.68 and a beta of 1.71. The business has a 50 day moving average of $6.29 and a two-hundred day moving average of $8.30. NextDecade Corporation has a 12-month low of $5.16 and a 12-month high of $12.12. 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:NEXT) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.10). As a group, equities research analysts forecast that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextDecade

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in shares of 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 acquiring an additional 1,886 shares during the last quarter. US Bancorp DE boosted its position in NextDecade by 22,782.4% during 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. AlphaQuest LLC increased 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 acquiring an additional 2,002 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of NextDecade in the 2nd quarter valued at about $36,000. Finally, Comerica Bank raised its stake in NextDecade by 88.0% in 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 period. Institutional investors and hedge funds own 66.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NEXT shares. Morgan Stanley reissued an “equal weight” rating and set a $10.00 target price (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of NextDecade in a research report on Wednesday, November 19th. TD Cowen decreased their target price on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Cowen lowered NextDecade from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NextDecade has a consensus rating of “Hold” and an average price target of $8.50.

About NextDecade

NextDecade Corp. is a development company.