NextDecade (NASDAQ:NEXT) Major Shareholder Aerospace Co. Ltd. Hanwha Purchases 591,837 Shares of Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha bought 591,837 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of $6.07 per share, with a total value of $3,592,450.59. Following the completion of the purchase, the insider directly owned 19,129,534 shares in the company, valued at $116,116,271.38. The trade was a 3.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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, 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 bought 551,819 shares of NextDecade stock. The shares were acquired at an average cost of $6.99 per share, for a total transaction of $3,857,214.81.

NextDecade Stock Down 2.1%

NEXT opened at $5.98 on Friday. The stock’s fifty day simple moving average is $6.67 and its 200 day simple moving average is $8.37. NextDecade Corporation has a 1-year low of $5.16 and a 1-year high of $12.12. The stock has a market cap of $1.58 billion, a PE ratio of -8.19 and a beta of 1.71. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.34.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings data on Thursday, October 30th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.10). As a group, research analysts expect that NextDecade Corporation will post -0.61 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NextDecade in a research report on Wednesday, October 8th. Morgan Stanley restated an “equal weight” rating and issued a $10.00 price target (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. TD Cowen reduced their target price 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. Finally, Cowen lowered shares of 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 issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NextDecade has a consensus rating of “Hold” and a consensus target price of $8.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Teacher Retirement System of Texas acquired a new position in NextDecade in the first quarter valued at about $163,000. Cetera Investment Advisers acquired a new stake in NextDecade during the first quarter worth about $2,054,000. Neo Ivy Capital Management acquired a new stake in NextDecade during the first quarter worth about $411,000. Riposte Capital LLC bought a new position in NextDecade in the 1st quarter valued at about $6,613,000. Finally, Pacer Advisors Inc. increased its holdings in NextDecade by 1.9% in the 1st quarter. Pacer Advisors Inc. now owns 215,282 shares of the company’s stock valued at $1,675,000 after buying an additional 3,989 shares during the period. Institutional investors own 66.74% of the company’s stock.

About NextDecade

NextDecade Corp. is a development company.