NextDecade (NASDAQ:NEXT) Major Shareholder Aerospace Co. Ltd. Hanwha Buys 551,819 Shares of Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha purchased 551,819 shares of NextDecade stock in a transaction on Tuesday, September 23rd. The stock was bought at an average price of $6.99 per share, for a total transaction of $3,857,214.81. Following the transaction, the insider directly owned 18,088,187 shares in the company, valued at approximately $126,436,427.13. The trade was a 3.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 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 Wednesday, September 24th, Aerospace Co. Ltd. Hanwha acquired 449,510 shares of NextDecade stock. The shares were bought at an average price of $7.02 per share, with a total value of $3,155,560.20.

NextDecade Stock Performance

Shares of NEXT stock opened at $6.87 on Friday. The stock has a market capitalization of $1.80 billion, a PE ratio of -8.81 and a beta of 1.35. The business’s 50 day simple moving average is $9.79 and its 200 day simple moving average is $8.68. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.70 and a quick ratio of 0.70. NextDecade Corporation has a one year low of $4.59 and a one year high of $12.12.

NextDecade (NASDAQ:NEXT) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.23). As a group, research analysts forecast that NextDecade Corporation will post -0.61 earnings per share for the current year.

Institutional Trading of NextDecade

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in 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. AlphaQuest LLC raised its position in shares of NextDecade by 102.2% during the second quarter. AlphaQuest LLC now owns 3,961 shares of the company’s stock worth $35,000 after purchasing an additional 2,002 shares during the period. Raymond James Financial Inc. bought a new position in shares of NextDecade in the 2nd quarter worth $36,000. Comerica Bank grew its position in NextDecade by 88.0% in 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 period. Finally, Farther Finance Advisors LLC increased its stake in NextDecade by 21,395.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 4,729 shares of the company’s stock valued at $42,000 after purchasing an additional 4,707 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NEXT shares. Morgan Stanley restated an “equal weight” rating and issued a $10.00 target price (down previously from $15.00) on shares of NextDecade in a report on Friday, September 12th. Seaport Res Ptn raised NextDecade to a “strong-buy” rating in a research note on Friday, July 25th. Cowen lowered NextDecade from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Finally, TD Cowen reissued a “hold” rating and issued a $8.00 price target (down from $11.00) on shares of NextDecade in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.00.

About NextDecade

NextDecade Corp. is a development company.