NextDecade Corporation (NASDAQ:NEXT – Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha acquired 851,971 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average cost of $5.83 per share, with a total value of $4,966,990.93. Following the completion of the purchase, the insider owned 25,620,222 shares of the company’s stock, valued at $149,365,894.26. This trade represents a 3.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major 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 Friday, December 12th, Aerospace Co. Ltd. Hanwha acquired 800,000 shares of NextDecade stock. The shares were acquired at an average price of $5.54 per share, for a total transaction of $4,432,000.00.
- On Wednesday, December 10th, Aerospace Co. Ltd. Hanwha bought 600,000 shares of NextDecade stock. The shares were bought at an average price of $6.05 per share, with a total value of $3,630,000.00.
- On Tuesday, December 9th, Aerospace Co. Ltd. Hanwha acquired 293,131 shares of NextDecade stock. The shares were bought at an average price of $6.36 per share, with a total value of $1,864,313.16.
- On Monday, December 8th, Aerospace Co. Ltd. Hanwha acquired 39,467 shares of NextDecade stock. The shares were purchased at an average price of $6.26 per share, with a total value of $247,063.42.
- On Friday, December 5th, Aerospace Co. Ltd. Hanwha bought 151,058 shares of NextDecade stock. The shares were acquired at an average cost of $6.21 per share, for a total transaction of $938,070.18.
- On Thursday, December 4th, Aerospace Co. Ltd. Hanwha bought 243,959 shares of NextDecade stock. The shares were bought at an average cost of $6.19 per share, for a total transaction of $1,510,106.21.
- On Wednesday, December 3rd, Aerospace Co. Ltd. Hanwha acquired 241,946 shares of NextDecade stock. The shares were bought 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 bought 310,964 shares of NextDecade stock. The stock was purchased at an average price of $5.93 per share, with a total value of $1,844,016.52.
- On Monday, December 1st, Aerospace Co. Ltd. Hanwha acquired 205,160 shares of NextDecade stock. The stock was purchased at an average price of $6.05 per share, with a total value of $1,241,218.00.
- On Friday, November 28th, Aerospace Co. Ltd. Hanwha purchased 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.
NextDecade Stock Performance
NASDAQ NEXT traded down $0.33 on Monday, reaching $5.13. 9,118,407 shares of the company’s stock traded hands, compared to its average volume of 3,092,053. The stock has a 50 day moving average price of $6.02 and a 200-day moving average price of $8.12. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -7.03 and a beta of 1.90. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.64 and a current ratio of 0.64. NextDecade Corporation has a fifty-two week low of $5.09 and a fifty-two week high of $12.12.
Institutional Trading of NextDecade
A number of hedge funds and other institutional investors have recently modified their holdings of NEXT. MetLife Investment Management LLC raised its stake in NextDecade by 2.4% during the first quarter. MetLife Investment Management LLC now owns 68,611 shares of the company’s stock worth $534,000 after purchasing an additional 1,602 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of NextDecade by 10.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,536 shares of the company’s stock valued at $160,000 after acquiring an additional 1,675 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of NextDecade by 1.5% in the 3rd quarter. Alliancebernstein L.P. now owns 122,020 shares of the company’s stock worth $829,000 after acquiring an additional 1,800 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of 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 purchasing an additional 1,886 shares during the period. Finally, Comerica Bank raised its position 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 purchasing an additional 1,900 shares during the period. 66.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on NEXT. Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Cowen cut shares of NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. TD Cowen dropped their target price on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 price target (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.50.
Check Out Our Latest Report on NextDecade
NextDecade Company Profile
NextDecade Corp. is a development company.
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