NextDecade (NASDAQ:NEXT) Major Shareholder Buys $2,403,603.21 in Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha acquired 419,477 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $5.73 per share, for a total transaction of $2,403,603.21. Following the acquisition, the insider owned 21,665,729 shares in the company, valued at approximately $124,144,627.17. This trade represents a 1.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 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 Wednesday, November 26th, Aerospace Co. Ltd. Hanwha bought 175,142 shares of NextDecade stock. The shares were purchased at an average cost 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 purchased 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 purchased 445,109 shares of NextDecade stock. The shares were acquired at an average cost of $5.59 per share, for a total transaction of $2,488,159.31.
• On Thursday, November 20th, Aerospace Co. Ltd. Hanwha acquired 347,630 shares of NextDecade stock. The shares were 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 bought 295,875 shares of NextDecade stock. The stock was acquired 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 bought 305,973 shares of NextDecade stock. The shares were acquired 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 acquired at an average price of $5.92 per share, with a total value of $2,738,449.92.
• On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha purchased 591,837 shares of NextDecade stock. The stock was acquired 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 shares were bought at an average price 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 bought at an average cost of $6.99 per share, with a total value of $3,857,214.81.

NextDecade Stock Performance

Shares of NEXT opened at $6.00 on Thursday. The firm has a market capitalization of $1.59 billion, a PE ratio of -8.22 and a beta of 1.71. 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 firm has a 50-day moving average price of $6.26 and a 200 day moving average price of $8.27. NextDecade Corporation has a 52-week low of $5.16 and a 52-week high of $12.12.

NextDecade (NASDAQ:NEXT) last released 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). On average, sell-side analysts anticipate that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On NextDecade

Several large investors have recently modified their holdings of NEXT. PNC Financial Services Group Inc. grew its holdings in shares of NextDecade by 137.2% in the 1st 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 shares of NextDecade by 22,782.4% in the 3rd quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after purchasing an additional 3,873 shares during the period. AlphaQuest LLC boosted its position in shares of NextDecade by 102.2% in the 2nd 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. Raymond James Financial Inc. purchased a new position in NextDecade in the 2nd quarter worth about $36,000. Finally, Comerica Bank raised its holdings in NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after buying an additional 1,900 shares during the period. 66.74% of the stock is owned by institutional investors.

About NextDecade

NextDecade Corp. is a development company.