NextDecade (NASDAQ:NEXT) Major Shareholder Buys $2,738,449.92 in Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha acquired 462,576 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $5.92 per share, with a total value of $2,738,449.92. Following the completion of the acquisition, the insider owned 20,592,649 shares of the company’s stock, valued at approximately $121,908,482.08. This trade represents a 2.30% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major 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 Wednesday, November 19th, Aerospace Co. Ltd. Hanwha bought 305,973 shares of NextDecade stock. The stock was purchased at an average cost of $6.04 per share, for a total transaction of $1,848,076.92.
• On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha purchased 591,837 shares of NextDecade stock. The shares were 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 purchased 449,510 shares of NextDecade stock. The stock was purchased 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 shares were purchased at an average cost of $6.99 per share, with a total value of $3,857,214.81.

NextDecade Price Performance

Shares of NASDAQ:NEXT traded up $0.02 during trading on Wednesday, reaching $6.01. The stock had a trading volume of 2,580,891 shares, compared to its average volume of 2,749,055. The stock has a market capitalization of $1.59 billion, a PE ratio of -8.23 and a beta of 1.71. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.64 and a quick ratio of 0.64. NextDecade Corporation has a 52 week low of $5.16 and a 52 week high of $12.12. The business’s 50-day moving average price is $6.42 and its 200 day moving average price is $8.35.

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

Analysts Set New Price Targets

NEXT has been the subject of a number of research analyst reports. TD Cowen cut their price target on NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Cowen cut shares of NextDecade from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Seaport Res Ptn raised shares of NextDecade to a “strong-buy” rating in a research note on Friday, July 25th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $10.00 price target (down previously from $15.00) on shares of NextDecade in a report on Friday, September 12th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NEXT. PNC Financial Services Group Inc. grew its position in shares of NextDecade by 137.2% during the 1st 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 during the period. US Bancorp DE boosted its stake in NextDecade by 22,782.4% in the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after acquiring an additional 3,873 shares during the last quarter. AlphaQuest LLC grew its holdings in 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 stake in NextDecade during the 2nd quarter worth $36,000. Finally, Comerica Bank raised its position in shares of NextDecade by 88.0% during 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 last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

NextDecade Company Profile

NextDecade Corp. is a development company.