Aerospace Co. Ltd. Hanwha Purchases 419,477 Shares of NextDecade (NASDAQ:NEXT) Stock

NextDecade Corporation (NASDAQ:NEXTGet Free Report) major shareholder Aerospace Co. Ltd. Hanwha purchased 419,477 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average price of $5.73 per share, for a total transaction of $2,403,603.21. Following the acquisition, the insider owned 21,665,729 shares in the company, valued at $124,144,627.17. This trade represents a 1.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more 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 Thursday, November 20th, Aerospace Co. Ltd. Hanwha bought 347,630 shares of NextDecade stock. The stock was purchased at an average price 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 shares were bought 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 bought 305,973 shares of NextDecade stock. The shares were bought at an average price of $6.04 per share, for a total transaction of $1,848,076.92.
  • On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha acquired 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 acquired 591,837 shares of NextDecade stock. The shares were bought at an average cost 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 purchased at an average price of $7.02 per share, with a total value of $3,155,560.20.
  • On Tuesday, September 23rd, Aerospace Co. Ltd. Hanwha purchased 551,819 shares of NextDecade stock. The stock was bought at an average price of $6.99 per share, for a total transaction of $3,857,214.81.

NextDecade Stock Performance

NASDAQ:NEXT traded down $0.10 during trading hours on Monday, reaching $5.61. 3,658,192 shares of the company’s stock were exchanged, compared to its average volume of 2,872,607. The company has a 50-day moving average of $6.29 and a 200 day moving average of $8.30. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.34. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -7.68 and a beta of 1.71. NextDecade Corporation has a 1-year low of $5.16 and a 1-year high of $12.12.

NextDecade (NASDAQ:NEXTGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.10). Research analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEXT. Morgan Stanley restated an “equal weight” rating and set a $10.00 target price (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. Zacks Research upgraded shares of NextDecade from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Cowen lowered shares of NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings restated a “sell (e+)” rating on shares of NextDecade in a report on Wednesday, November 19th. Finally, TD Cowen reduced their price objective 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. One research 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. Based on data from MarketBeat, NextDecade presently has an average rating of “Hold” and an average target price of $8.50.

Read Our Latest Stock Analysis on NextDecade

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH grew its holdings in NextDecade by 6.2% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 852,422 shares of the company’s stock worth $7,595,000 after purchasing an additional 49,695 shares during the period. Westwood Holdings Group Inc. boosted its holdings in NextDecade by 6.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,255,874 shares of the company’s stock valued at $11,190,000 after purchasing an additional 76,238 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in NextDecade during the 1st quarter worth $1,945,000. ELCO Management Co. LLC lifted its position in NextDecade by 40.7% during the second quarter. ELCO Management Co. LLC now owns 239,768 shares of the company’s stock worth $2,136,000 after purchasing an additional 69,300 shares during the period. Finally, Virtu Financial LLC bought a new position in NextDecade in the first quarter valued at approximately $374,000. Institutional investors and hedge funds own 66.74% of the company’s stock.

About NextDecade

(Get Free Report)

NextDecade Corp. is a development company.

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