NextDecade (NASDAQ:NEXT) Major Shareholder Purchases $247,063.42 in Stock

NextDecade Corporation (NASDAQ:NEXTGet Free Report) major shareholder Aerospace Co. Ltd. Hanwha purchased 39,467 shares of NextDecade stock in a transaction that occurred on Monday, December 8th. The stock was purchased at an average cost of $6.26 per share, for a total transaction of $247,063.42. Following the completion of the purchase, the insider owned 23,875,120 shares of the company’s stock, valued at $149,458,251.20. This trade represents a 0.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 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, December 10th, Aerospace Co. Ltd. Hanwha acquired 600,000 shares of NextDecade stock. The shares were purchased at an average cost of $6.05 per share, with a total value of $3,630,000.00.
  • On Tuesday, December 9th, Aerospace Co. Ltd. Hanwha bought 293,131 shares of NextDecade stock. The shares were acquired at an average price of $6.36 per share, for a total transaction of $1,864,313.16.
  • On Friday, December 5th, Aerospace Co. Ltd. Hanwha bought 151,058 shares of NextDecade stock. The stock was 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 price of $6.19 per share, with a total value of $1,510,106.21.
  • On Wednesday, December 3rd, Aerospace Co. Ltd. Hanwha acquired 241,946 shares of NextDecade stock. The shares were acquired at an average cost of $6.04 per share, for a total transaction of $1,461,353.84.
  • On Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha acquired 310,964 shares of NextDecade stock. The stock was 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 shares were acquired at an average cost 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 stock was bought at an average cost of $6.12 per share, for a total transaction of $679,834.08.
  • On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha purchased 175,142 shares of NextDecade stock. The stock was bought at an average price of $5.95 per share, for a total transaction of $1,042,094.90.
  • On Tuesday, November 25th, Aerospace Co. Ltd. Hanwha acquired 285,502 shares of NextDecade stock. The shares were bought at an average cost of $5.73 per share, with a total value of $1,635,926.46.

NextDecade Trading Down 3.9%

NextDecade stock opened at $5.46 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.34. The business’s fifty day simple moving average is $6.07 and its two-hundred day simple moving average is $8.13. NextDecade Corporation has a 12 month low of $5.16 and a 12 month high of $12.12. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -7.48 and a beta of 1.90.

NextDecade (NASDAQ:NEXTGet Free Report) last issued its quarterly earnings results 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, equities analysts predict that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NextDecade

A number of hedge funds have recently added to or reduced their stakes in NEXT. PNC Financial Services Group Inc. boosted its stake in shares of NextDecade by 137.2% in 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 last quarter. US Bancorp DE lifted its holdings in NextDecade by 22,782.4% in the third quarter. US Bancorp DE now owns 3,890 shares of the company’s stock valued at $26,000 after acquiring an additional 3,873 shares during the period. Bessemer Group Inc. bought a new position in NextDecade in the third quarter valued at about $29,000. Comerica Bank boosted its position in NextDecade by 88.0% in the first quarter. Comerica Bank now owns 4,060 shares of the company’s stock worth $32,000 after purchasing an additional 1,900 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of NextDecade by 102.2% during 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 during the period. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports 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 report on Friday, September 12th. Cowen lowered shares of NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Zacks Research raised NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. TD Cowen cut their target price on NextDecade from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NextDecade in a research note on Monday. One research 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 currently has a consensus rating of “Hold” and a consensus price target of $8.50.

View Our Latest Analysis on NextDecade

About NextDecade

(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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