NextDecade Corporation (NASDAQ:NEXT – Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha bought 445,109 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was bought at an average price of $5.59 per share, for a total transaction of $2,488,159.31. Following the acquisition, the insider directly owned 22,110,838 shares of the company’s stock, valued at approximately $123,599,584.42. This represents a 2.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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, November 26th, Aerospace Co. Ltd. Hanwha acquired 175,142 shares of NextDecade stock. The shares were bought 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 purchased 285,502 shares of NextDecade stock. The shares were purchased at an average price of $5.73 per share, for a total transaction of $1,635,926.46.
- On Friday, November 21st, Aerospace Co. Ltd. Hanwha acquired 419,477 shares of NextDecade stock. The stock was purchased at an average price 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 price of $6.02 per share, for a total transaction 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 cost 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 price of $6.04 per share, with a total value 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 cost of $5.92 per share, with a total value of $2,738,449.92.
- On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha bought 591,837 shares of NextDecade stock. The shares were 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 stock was bought 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 bought at an average price of $6.99 per share, with a total value of $3,857,214.81.
NextDecade Stock Performance
NEXT stock 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 debt-to-equity ratio of 3.34, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $1.59 billion, a PE ratio of -8.22 and a beta of 1.71. NextDecade Corporation has a 12 month low of $5.16 and a 12 month high of $12.12. The stock’s fifty day moving average price is $6.26 and its two-hundred day moving average price is $8.27.
Wall Street Analysts Forecast Growth
NEXT has been the topic of several recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 price objective (down from $15.00) on shares of NextDecade in a report on Friday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of NextDecade in a research note on Tuesday. Cowen lowered shares of NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Finally, 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. 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 stock has an average rating of “Hold” and a consensus target price of $8.50.
Get Our Latest Stock Report on NEXT
Institutional Investors Weigh In On NextDecade
A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC lifted its holdings in shares of NextDecade by 2.4% during the 1st quarter. MetLife Investment Management LLC now owns 68,611 shares of the company’s stock worth $534,000 after acquiring an additional 1,602 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in NextDecade by 10.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,536 shares of the company’s stock worth $160,000 after buying an additional 1,675 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of NextDecade by 1.5% during the third quarter. Alliancebernstein L.P. now owns 122,020 shares of the company’s stock worth $829,000 after acquiring an additional 1,800 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 valued at $25,000 after purchasing an additional 1,886 shares in the last quarter. Finally, Comerica Bank grew its holdings 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 purchasing an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 66.74% of the company’s stock.
About NextDecade
NextDecade Corp. is a development company.
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