Aerospace Co. Ltd. Hanwha Purchases 305,973 Shares of NextDecade (NASDAQ:NEXT) Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha bought 305,973 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was bought at an average cost of $6.04 per share, with a total value of $1,848,076.92. Following the completion of the purchase, the insider owned 20,898,622 shares of the company’s stock, valued at approximately $126,227,676.88. The trade was a 1.49% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 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 Tuesday, November 18th, Aerospace Co. Ltd. Hanwha purchased 462,576 shares of NextDecade stock. The shares were bought at an average cost of $5.92 per share, for a total transaction of $2,738,449.92.
• On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha acquired 591,837 shares of NextDecade stock. The stock was bought at an average price 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 purchased 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 stock was purchased at an average price of $6.99 per share, for a total transaction of $3,857,214.81.

NextDecade Trading Up 0.3%

Shares of NASDAQ NEXT traded up $0.02 during midday trading on Wednesday, hitting $6.01. The stock had a trading volume of 2,580,891 shares, compared to its average volume of 2,749,055. 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 fifty-two week low of $5.16 and a fifty-two week high of $12.12. The firm has a market cap of $1.59 billion, a P/E ratio of -8.23 and a beta of 1.71. The company’s 50-day simple moving average is $6.42 and its 200 day simple moving average is $8.35.

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

Institutional Investors Weigh In On NextDecade

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of NextDecade by 137.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company’s stock worth $25,000 after purchasing an additional 1,886 shares in the last quarter. US Bancorp DE increased 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 buying an additional 3,873 shares in the last quarter. AlphaQuest LLC raised its stake 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 buying an additional 2,002 shares during the period. Raymond James Financial Inc. bought a new position in NextDecade during the second quarter worth about $36,000. Finally, Comerica Bank grew its stake in 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 during the period. Institutional investors own 66.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NEXT shares. Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. TD Cowen lowered their target price on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Seaport Res Ptn raised NextDecade to a “strong-buy” rating in a research note on Friday, July 25th. 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 report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a research note on Thursday, November 13th. 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. According to MarketBeat, NextDecade has an average rating of “Hold” and a consensus price target of $8.50.

About NextDecade

NextDecade Corp. is a development company.