Aerospace Co. Ltd. Hanwha Acquires 305,973 Shares of NextDecade (NASDAQ:NEXT) Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha bought 305,973 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were bought at an average price of $6.04 per share, for a total transaction of $1,848,076.92. Following the completion of the acquisition, the insider directly owned 20,898,622 shares in the company, valued at approximately $126,227,676.88. This trade represents a 1.49% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aerospace Co. Ltd. Hanwha also recently made the following trade(s):

• On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha purchased 462,576 shares of NextDecade stock. The stock was bought at an average price of $5.92 per share, with a total value of $2,738,449.92.
• On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha acquired 591,837 shares of NextDecade stock. The stock was bought at an average cost of $6.07 per share, for a total transaction of $3,592,450.59.
• On Wednesday, September 24th, Aerospace Co. Ltd. Hanwha bought 449,510 shares of NextDecade stock. The shares were purchased at an average price 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 stock was purchased at an average cost of $6.99 per share, for a total transaction of $3,857,214.81.

NextDecade Stock Up 0.3%

Shares of NextDecade stock traded up $0.02 during trading on Wednesday, reaching $6.01. The stock had a trading volume of 2,580,891 shares, compared to its average volume of 2,749,055. 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 capitalization of $1.59 billion, a price-to-earnings ratio of -8.23 and a beta of 1.71. The stock has a fifty day moving average price of $6.42 and a two-hundred day moving average price of $8.35. NextDecade Corporation has a 52 week low of $5.16 and a 52 week high of $12.12.

NextDecade (NASDAQ:NEXT) last announced its earnings results 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). Sell-side analysts predict that NextDecade Corporation will post -0.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NEXT. Cowen lowered shares of NextDecade from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. Morgan Stanley reissued an “equal weight” rating and set a $10.00 price target (down from $15.00) on shares of NextDecade in a research report on Friday, September 12th. Seaport Res Ptn upgraded NextDecade to a “strong-buy” rating in a report on Friday, July 25th. TD Cowen lowered 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. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of NextDecade in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NextDecade presently has a consensus rating of “Hold” and a consensus price target of $8.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of NextDecade by 6.2% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 852,422 shares of the company’s stock worth $7,595,000 after acquiring an additional 49,695 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in NextDecade by 6.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,255,874 shares of the company’s stock valued at $11,190,000 after purchasing an additional 76,238 shares during the last quarter. Neo Ivy Capital Management bought a new position in NextDecade during the first quarter worth $411,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of NextDecade in the first quarter valued at $1,945,000. Finally, ELCO Management Co. LLC raised its position in shares of NextDecade by 40.7% in 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 during the period. 66.74% of the stock is currently owned by institutional investors and hedge funds.

About NextDecade

NextDecade Corp. is a development company.