Insider Buying: NextDecade (NASDAQ:NEXT) Major Shareholder Acquires 151,058 Shares of Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha acquired 151,058 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $938,070.18. Following the purchase, the insider directly owned 23,835,653 shares in the company, valued at approximately $148,019,405.13. This trade represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aerospace Co. Ltd. Hanwha also recently made the following trade(s):

• On Thursday, December 4th, Aerospace Co. Ltd. Hanwha bought 243,959 shares of NextDecade stock. The stock was purchased at an average price of $6.19 per share, with a total value of $1,510,106.21.
• On Wednesday, December 3rd, Aerospace Co. Ltd. Hanwha purchased 241,946 shares of NextDecade stock. The stock was acquired at an average price of $6.04 per share, with a total value of $1,461,353.84.
• On Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha purchased 310,964 shares of NextDecade stock. The stock was acquired at an average cost of $5.93 per share, with a total value of $1,844,016.52.
• On Monday, December 1st, Aerospace Co. Ltd. Hanwha purchased 205,160 shares of NextDecade stock. The shares were acquired at an average price of $6.05 per share, for a total transaction of $1,241,218.00.
• On Friday, November 28th, Aerospace Co. Ltd. Hanwha bought 111,084 shares of NextDecade stock. The shares were acquired at an average cost of $6.12 per share, with a total value of $679,834.08.
• 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, with a total value of $1,042,094.90.
• On Tuesday, November 25th, Aerospace Co. Ltd. Hanwha bought 285,502 shares of NextDecade stock. The shares were purchased at an average cost of $5.73 per share, with a total value of $1,635,926.46.
• On Monday, November 24th, Aerospace Co. Ltd. Hanwha bought 445,109 shares of NextDecade stock. The shares were acquired at an average cost of $5.59 per share, for a total transaction of $2,488,159.31.
• On Friday, November 21st, Aerospace Co. Ltd. Hanwha purchased 419,477 shares of NextDecade stock. The shares were acquired at an average price of $5.73 per share, for a total transaction of $2,403,603.21.
• On Thursday, November 20th, Aerospace Co. Ltd. Hanwha purchased 347,630 shares of NextDecade stock. The stock was bought at an average cost of $6.02 per share, with a total value of $2,092,732.60.

NextDecade Trading Down 1.3%

Shares of NEXT traded down $0.08 during mid-day trading on Friday, reaching $6.15. The stock had a trading volume of 2,170,396 shares, compared to its average volume of 2,746,704. NextDecade Corporation has a 52-week low of $5.16 and a 52-week high of $12.12. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -8.42 and a beta of 1.90. The business’s fifty day moving average is $6.17 and its 200 day moving average is $8.19. 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 (NASDAQ:NEXT) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.10). On average, sell-side analysts predict that NextDecade Corporation will post -0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on NEXT shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 target price (down from $15.00) on shares of NextDecade in a research report on Friday, September 12th. Weiss Ratings restated a “sell (e+)” rating on shares of NextDecade in a report on Monday. Cowen lowered shares of NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. TD Cowen dropped their price target 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. Finally, Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. One equities 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’s stock. Based on data from MarketBeat.com, NextDecade presently has a consensus rating of “Hold” and a consensus price target of $8.50.

Hedge Funds Weigh In On NextDecade

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of NextDecade by 137.2% in the first 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. US Bancorp DE raised its position in shares of NextDecade by 22,782.4% during the 3rd quarter. US Bancorp DE now owns 3,890 shares of the company’s stock worth $26,000 after purchasing an additional 3,873 shares during the last quarter. AlphaQuest LLC lifted its stake in NextDecade by 102.2% in the 2nd quarter. AlphaQuest LLC now owns 3,961 shares of the company’s stock valued at $35,000 after buying an additional 2,002 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in NextDecade during the 2nd quarter valued at $36,000. Finally, Comerica Bank increased its position in NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after buying an additional 1,900 shares in 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.