NextDecade (NASDAQ:NEXT) Major Shareholder Acquires $1,461,353.84 in Stock

NextDecade Corporation (NASDAQ:NEXTGet Free Report) major shareholder Aerospace Co. Ltd. Hanwha acquired 241,946 shares of NextDecade stock in a transaction that occurred on Wednesday, December 3rd. The shares were purchased at an average price of $6.04 per share, for a total transaction of $1,461,353.84. Following the completion of the purchase, the insider directly owned 23,440,636 shares of the company’s stock, valued at $141,581,441.44. The trade was a 1.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% 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 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 purchased 243,959 shares of NextDecade stock. The stock was acquired at an average cost of $6.19 per share, with a total value of $1,510,106.21.
  • On Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha acquired 310,964 shares of NextDecade stock. The shares were acquired at an average price of $5.93 per share, for a total transaction of $1,844,016.52.
  • On Monday, December 1st, Aerospace Co. Ltd. Hanwha bought 205,160 shares of NextDecade stock. The stock was acquired at an average cost 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 stock was bought at an average price of $6.12 per share, with a total value of $679,834.08.
  • On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha bought 175,142 shares of NextDecade stock. The shares were bought at an average cost of $5.95 per share, with a total value of $1,042,094.90.
  • On Tuesday, November 25th, Aerospace Co. Ltd. Hanwha purchased 285,502 shares of NextDecade stock. The stock was bought at an average cost of $5.73 per share, for a total transaction of $1,635,926.46.
  • On Monday, November 24th, Aerospace Co. Ltd. Hanwha acquired 445,109 shares of NextDecade stock. The shares were bought at an average price of $5.59 per share, with a total value of $2,488,159.31.
  • On Friday, November 21st, Aerospace Co. Ltd. Hanwha bought 419,477 shares of NextDecade stock. The stock was bought at an average cost 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 shares were purchased at an average cost of $6.02 per share, with a total value of $2,092,732.60.

NextDecade Stock Performance

Shares of NextDecade stock traded down $0.08 during trading on Friday, hitting $6.15. 2,170,396 shares of the stock were exchanged, compared to its average volume of 2,746,704. 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 12 month low of $5.16 and a 12 month high of $12.12. The stock’s fifty day moving average is $6.17 and its 200 day moving average is $8.19. The stock has a market cap of $1.63 billion, a PE ratio of -8.42 and a beta of 1.90.

NextDecade (NASDAQ:NEXTGet Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.10). As a group, sell-side analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current year.

Institutional Investors Weigh In On NextDecade

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of NextDecade by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,378,992 shares of the company’s stock valued at $70,473,000 after purchasing an additional 52,803 shares in the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of NextDecade by 2.3% in the 2nd quarter. Catalyst Capital Advisors LLC now owns 4,704,427 shares of the company’s stock worth $41,916,000 after purchasing an additional 107,004 shares in the last quarter. Geode Capital Management LLC lifted its stake in NextDecade by 12.3% during the second quarter. Geode Capital Management LLC now owns 3,541,633 shares of the company’s stock valued at $31,559,000 after purchasing an additional 386,613 shares during the last quarter. Bank of America Corp DE boosted its position in shares of NextDecade by 16.7% in the 2nd quarter. Bank of America Corp DE now owns 3,102,352 shares of the company’s stock valued at $27,642,000 after purchasing an additional 444,518 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NextDecade by 17.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248,028 shares of the company’s stock worth $17,490,000 after buying an additional 338,429 shares during the period. 66.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on NEXT. Morgan Stanley restated 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 reaffirmed a “sell (e+)” rating on shares of NextDecade in a report on Monday. Zacks Research upgraded shares of NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. TD Cowen reduced 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, Cowen lowered shares of NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.50.

View Our Latest Research Report on NextDecade

NextDecade Company Profile

(Get Free Report)

NextDecade Corp. is a development company.

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Insider Buying and Selling by Quarter for NextDecade (NASDAQ:NEXT)

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