NextDecade (NASDAQ:NEXT) Major Shareholder Aerospace Co. Ltd. Hanwha Buys 462,576 Shares of Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha bought 462,576 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $5.92 per share, with a total value of $2,738,449.92. Following the completion of the transaction, the insider directly owned 20,592,649 shares in the company, valued at approximately $121,908,482.08. This trade represents a 2.30% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large 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, November 19th, Aerospace Co. Ltd. Hanwha purchased 305,973 shares of NextDecade stock. The stock was purchased at an average price of $6.04 per share, for a total transaction of $1,848,076.92.
• On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha acquired 591,837 shares of NextDecade stock. The shares were purchased 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 acquired 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 bought 551,819 shares of NextDecade stock. The stock was purchased at an average cost of $6.99 per share, with a total value of $3,857,214.81.

NextDecade Trading Up 0.3%

Shares of NEXT stock traded up $0.02 on Wednesday, hitting $6.01. The stock had a trading volume of 2,580,891 shares, compared to its average volume of 2,749,055. NextDecade Corporation has a twelve month low of $5.16 and a twelve month high of $12.12. The firm has a market cap of $1.59 billion, a P/E ratio of -8.23 and a beta of 1.71. 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 fifty day moving average price of $6.42 and a two-hundred day moving average price of $8.35.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NEXT shares. Seaport Res Ptn upgraded NextDecade to a “strong-buy” rating in a research report on Friday, July 25th. 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 report on Thursday, October 23rd. Morgan Stanley restated an “equal weight” rating and set a $10.00 price objective (down from $15.00) on shares of NextDecade in a report on Friday, September 12th. Zacks Research raised shares of NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Cowen cut NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.50.

Institutional Investors Weigh In On NextDecade

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEXT. Caxton Associates LLP acquired a new position in shares of NextDecade during the 3rd quarter worth about $92,000. Dark Forest Capital Management LP acquired a new stake in shares of NextDecade in the third quarter valued at about $1,280,000. Voleon Capital Management LP bought a new stake in NextDecade during the third quarter worth about $174,000. Scientech Research LLC bought a new stake in NextDecade during the third quarter worth about $305,000. Finally, Qube Research & Technologies Ltd acquired a new position in NextDecade during the third quarter valued at approximately $4,935,000. 66.74% of the stock is currently owned by institutional investors and hedge funds.

About NextDecade

NextDecade Corp. is a development company.