NextDecade (NASDAQ:NEXT) Major Shareholder Purchases $2,403,603.21 in Stock

NextDecade Corporation (NASDAQ:NEXTGet Free Report) major shareholder Aerospace Co. Ltd. Hanwha bought 419,477 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $5.73 per share, for a total transaction of $2,403,603.21. Following the acquisition, the insider directly owned 21,665,729 shares in the company, valued at approximately $124,144,627.17. This trade represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 cost of $6.02 per share, for a total transaction of $2,092,732.60.
  • On Monday, November 17th, Aerospace Co. Ltd. Hanwha purchased 295,875 shares of NextDecade stock. The stock was purchased at an average price 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, with a total value of $1,848,076.92.
  • On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha bought 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 purchased 591,837 shares of NextDecade stock. The shares were acquired at an average cost of $6.07 per share, with a total value of $3,592,450.59.
  • On Wednesday, September 24th, Aerospace Co. Ltd. Hanwha bought 449,510 shares of NextDecade stock. The stock was purchased at an average cost 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 shares were acquired at an average cost of $6.99 per share, for a total transaction of $3,857,214.81.

NextDecade Stock Performance

NASDAQ:NEXT traded down $0.10 during mid-day trading 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 firm has a market capitalization of $1.49 billion, a PE ratio of -7.68 and a beta of 1.71. The business’s fifty day simple moving average is $6.29 and its two-hundred day simple moving average is $8.30. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12. 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 (NASDAQ:NEXTGet Free Report) last released 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). Analysts anticipate that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NEXT has been the subject of several research reports. Cowen downgraded NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 price target (down from $15.00) on shares of NextDecade in a report on Friday, September 12th. TD Cowen lowered their price target on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of NextDecade in a research note on Wednesday, November 19th. Finally, Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NextDecade presently has an average rating of “Hold” and an average price target of $8.50.

Check Out Our Latest Report on NEXT

Hedge Funds Weigh In On NextDecade

Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its stake in NextDecade by 137.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company’s stock valued at $25,000 after acquiring an additional 1,886 shares in the last quarter. US Bancorp DE increased its stake in NextDecade by 22,782.4% in the third 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 period. Bessemer Group Inc. bought a new position in NextDecade in the 3rd quarter worth about $29,000. Comerica Bank grew its position in shares of NextDecade by 88.0% during the 1st 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. Finally, AlphaQuest LLC raised its holdings in shares of 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 purchasing an additional 2,002 shares in the last quarter. 66.74% of the stock is owned by institutional investors.

About NextDecade

(Get Free Report)

NextDecade Corp. is a development company.

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