NextDecade (NASDAQ:NEXT) Major Shareholder Buys $1,844,016.52 in Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha acquired 310,964 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average cost of $5.93 per share, for a total transaction of $1,844,016.52. Following the purchase, the insider directly owned 23,198,690 shares in the company, valued at approximately $137,568,231.70. This trade represents a 1.36% 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 Monday, December 1st, Aerospace Co. Ltd. Hanwha bought 205,160 shares of NextDecade stock. The stock was purchased at an average price of $6.05 per share, with a total value of $1,241,218.00.
• On Friday, November 28th, Aerospace Co. Ltd. Hanwha purchased 111,084 shares of NextDecade stock. The shares were purchased 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 purchased 175,142 shares of NextDecade stock. The shares were 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 acquired 285,502 shares of NextDecade stock. The stock was purchased at an average cost of $5.73 per share, with a total value of $1,635,926.46.
• On Monday, November 24th, Aerospace Co. Ltd. Hanwha acquired 445,109 shares of NextDecade stock. The stock was purchased 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 cost of $5.73 per share, for a total transaction of $2,403,603.21.
• On Thursday, November 20th, Aerospace Co. Ltd. Hanwha purchased 347,630 shares of NextDecade stock. The stock was acquired at an average price 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 acquired 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 purchased 305,973 shares of NextDecade stock. The shares were acquired at an average price 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 acquired at an average price of $5.92 per share, for a total transaction of $2,738,449.92.

NextDecade Price Performance

Shares of NextDecade stock traded down $0.15 on Tuesday, reaching $5.82. The company’s stock had a trading volume of 2,671,679 shares, compared to its average volume of 2,746,768. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.34. The company has a market capitalization of $1.54 billion, a P/E ratio of -7.97 and a beta of 1.90. The stock has a 50-day moving average price of $6.20 and a 200-day moving average price of $8.22. NextDecade Corporation has a 52-week low of $5.16 and a 52-week high of $12.12.

NextDecade (NASDAQ:NEXT) last announced its 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). Analysts expect that NextDecade Corporation will post -0.61 EPS for the current year.

Institutional Investors Weigh In On NextDecade

A number of large investors have recently made changes to their positions in NEXT. 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. AlphaQuest LLC raised its holdings in shares of NextDecade by 102.2% during the 2nd quarter. AlphaQuest LLC now owns 3,961 shares of the company’s stock worth $35,000 after acquiring an additional 2,002 shares during the period. Raymond James Financial Inc. acquired a new position in shares of NextDecade during the 2nd quarter valued at about $36,000. Finally, Comerica Bank grew its holdings in shares of NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock valued at $32,000 after purchasing an additional 1,900 shares during the period. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEXT has been the subject of several research analyst reports. Morgan Stanley restated 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextDecade in a research note on Monday. TD Cowen reduced their target price on NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Zacks Research raised NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Cowen cut NextDecade from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $8.50.

About NextDecade

NextDecade Corp. is a development company.