NextDecade (NASDAQ:NEXT) Major Shareholder Buys $1,510,106.21 in Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha bought 243,959 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was bought at an average price of $6.19 per share, with a total value of $1,510,106.21. Following the completion of the acquisition, the insider owned 23,684,595 shares in the company, valued at $146,607,643.05. This represents a 1.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Friday, December 5th, Aerospace Co. Ltd. Hanwha acquired 151,058 shares of NextDecade stock. The shares were bought at an average cost of $6.21 per share, with a total value of $938,070.18.
• On Wednesday, December 3rd, Aerospace Co. Ltd. Hanwha purchased 241,946 shares of NextDecade stock. The shares were acquired at an average price 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 bought 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 acquired 205,160 shares of NextDecade stock. The stock was purchased 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 purchased 111,084 shares of NextDecade stock. The stock was bought at an average price of $6.12 per share, for a total transaction of $679,834.08.
• On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha bought 175,142 shares of NextDecade stock. The stock was purchased 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 acquired 285,502 shares of NextDecade stock. The shares were acquired 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 purchased 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 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 acquired 347,630 shares of NextDecade stock. The stock was bought at an average price of $6.02 per share, with a total value of $2,092,732.60.

NextDecade Price Performance

Shares of NEXT stock 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. 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 company has a market cap of $1.63 billion, a P/E ratio of -8.42 and a beta of 1.90. The business has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $8.19. NextDecade Corporation has a 12-month low of $5.16 and a 12-month high of $12.12.

NextDecade (NASDAQ:NEXT) last posted its quarterly earnings data on Thursday, October 30th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.10). On average, sell-side analysts anticipate that NextDecade Corporation will post -0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

NEXT has been the subject of a number of recent analyst reports. TD Cowen decreased their price target on shares of NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Thursday, October 23rd. Cowen downgraded shares of NextDecade from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. Morgan Stanley restated an “equal weight” rating and set a $10.00 price objective (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.50.

Institutional Trading of NextDecade

Institutional investors and hedge funds have recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH grew its position in NextDecade by 6.2% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 852,422 shares of the company’s stock worth $7,595,000 after buying an additional 49,695 shares in the last quarter. Westwood Holdings Group Inc. increased its position in NextDecade by 6.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,255,874 shares of the company’s stock worth $11,190,000 after purchasing an additional 76,238 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of NextDecade in the 1st quarter valued at $1,945,000. ELCO Management Co. LLC boosted its stake in shares of NextDecade by 40.7% during the second quarter. ELCO Management Co. LLC now owns 239,768 shares of the company’s stock valued at $2,136,000 after purchasing an additional 69,300 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in NextDecade during the 1st quarter worth approximately $374,000. 66.74% of the stock is currently owned by institutional investors.

NextDecade Company Profile

NextDecade Corp. is a development company.