NextDecade (NASDAQ:NEXT) Major Shareholder Aerospace Co. Ltd. Hanwha Purchases 293,131 Shares

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha bought 293,131 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were purchased at an average price of $6.36 per share, with a total value of $1,864,313.16. Following the acquisition, the insider directly owned 24,168,251 shares in the company, valued at approximately $153,710,076.36. This trade represents a 1.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Wednesday, December 10th, Aerospace Co. Ltd. Hanwha purchased 600,000 shares of NextDecade stock. The stock was acquired at an average price of $6.05 per share, for a total transaction of $3,630,000.00.
• On Monday, December 8th, Aerospace Co. Ltd. Hanwha acquired 39,467 shares of NextDecade stock. The shares were acquired 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 acquired 151,058 shares of NextDecade stock. The stock was acquired at an average cost of $6.21 per share, with a total value of $938,070.18.
• On Thursday, December 4th, Aerospace Co. Ltd. Hanwha bought 243,959 shares of NextDecade stock. The stock was acquired 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 bought 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 purchased 310,964 shares of NextDecade stock. The stock was bought 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 bought 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 cost 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 price of $5.95 per share, for a total transaction 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 price of $5.73 per share, with a total value of $1,635,926.46.

NextDecade Stock Down 7.7%

NASDAQ:NEXT traded down $0.49 during trading hours on Wednesday, hitting $5.88. The stock had a trading volume of 4,827,333 shares, compared to its average volume of 2,641,974. The company has a market cap of $1.56 billion, a PE ratio of -8.05 and a beta of 1.90. The business has a 50 day simple moving average of $6.12 and a two-hundred day simple moving average of $8.16. NextDecade Corporation has a 1-year low of $5.16 and a 1-year high of $12.12. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.34.

NextDecade (NASDAQ:NEXT) last announced its 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). Analysts predict that NextDecade Corporation will post -0.61 EPS for the current year.

Institutional Investors Weigh In On NextDecade

Institutional investors and hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL boosted its holdings in shares of NextDecade by 262.8% during the third quarter. Tudor Investment Corp ET AL now owns 912,589 shares of the company’s stock valued at $6,196,000 after acquiring an additional 661,028 shares during the period. Cambria Investment Management L.P. lifted its position in NextDecade by 25.0% in the 3rd quarter. Cambria Investment Management L.P. now owns 59,638 shares of the company’s stock valued at $405,000 after purchasing an additional 11,925 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in NextDecade during the 3rd quarter valued at about $97,000. Caxton Associates LLP acquired a new position in NextDecade during the 3rd quarter valued at about $92,000. Finally, Dark Forest Capital Management LP bought a new position in NextDecade in the 3rd quarter worth about $1,280,000. 66.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About NextDecade

NextDecade Corp. is a development company.