NextDecade (NASDAQ:NEXT) Major Shareholder Buys $1,042,094.90 in Stock

NextDecade Corporation (NASDAQ:NEXTGet Free Report) major shareholder Aerospace Co. Ltd. Hanwha purchased 175,142 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was purchased at an average price of $5.95 per share, for a total transaction of $1,042,094.90. Following the completion of the acquisition, the insider owned 22,571,482 shares of the company’s stock, valued at approximately $134,300,317.90. This represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large 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 Tuesday, November 25th, Aerospace Co. Ltd. Hanwha acquired 285,502 shares of NextDecade stock. The shares were purchased at an average price of $5.73 per share, with a total value of $1,635,926.46.
  • On Monday, November 24th, Aerospace Co. Ltd. Hanwha bought 445,109 shares of NextDecade stock. The stock was purchased at an average cost of $5.59 per share, for a total transaction of $2,488,159.31.
  • On Friday, November 21st, Aerospace Co. Ltd. Hanwha purchased 419,477 shares of NextDecade stock. The shares were purchased 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 purchased 347,630 shares of NextDecade stock. The shares were acquired at an average cost of $6.02 per share, with a total value of $2,092,732.60.
  • On Monday, November 17th, Aerospace Co. Ltd. Hanwha acquired 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 acquired 305,973 shares of NextDecade stock. The stock was 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 bought 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 price of $6.07 per share, for a total transaction of $3,592,450.59.
  • On Wednesday, September 24th, Aerospace Co. Ltd. Hanwha purchased 449,510 shares of NextDecade stock. The shares were acquired 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 shares were acquired at an average price of $6.99 per share, with a total value of $3,857,214.81.

NextDecade Stock Up 2.9%

Shares of NASDAQ NEXT traded up $0.17 during mid-day trading on Wednesday, hitting $6.00. The company had a trading volume of 2,454,067 shares, compared to its average volume of 2,884,366. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.34. The firm has a 50-day simple moving average of $6.26 and a two-hundred day simple moving average of $8.27. The company has a market capitalization of $1.59 billion, a PE ratio of -8.22 and a beta of 1.71. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12.

NextDecade (NASDAQ:NEXTGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.10). On average, equities analysts expect that NextDecade Corporation will post -0.61 EPS for the current year.

Institutional Trading of NextDecade

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in NextDecade by 137.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company’s stock valued at $25,000 after purchasing an additional 1,886 shares during the period. US Bancorp DE lifted its holdings in shares of NextDecade by 22,782.4% during the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $26,000 after buying an additional 3,873 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of NextDecade in the third quarter valued at about $29,000. Comerica Bank grew its stake 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 acquiring an additional 1,900 shares in the last quarter. Finally, AlphaQuest LLC increased its position in NextDecade by 102.2% during the second 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. 66.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NEXT shares. 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 research note on Thursday, October 23rd. Zacks Research upgraded shares of NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings restated a “sell (e+)” rating on shares of NextDecade in a research note on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 target price (down from $15.00) on shares of NextDecade in a report on Friday, September 12th. Finally, Cowen cut NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. One 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. Based on data from MarketBeat.com, NextDecade presently has an average rating of “Hold” and an average target price of $8.50.

Check Out Our Latest Analysis on NEXT

NextDecade Company Profile

(Get Free Report)

NextDecade Corp. is a development company.

Further Reading

Insider Buying and Selling by Quarter for NextDecade (NASDAQ:NEXT)

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