NextDecade (NASDAQ:NEXT) Major Shareholder Aerospace Co. Ltd. Hanwha Acquires 39,467 Shares

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha acquired 39,467 shares of the company’s stock in a transaction on Monday, December 8th. The shares were purchased at an average cost of $6.26 per share, for a total transaction of $247,063.42. Following the acquisition, the insider owned 23,875,120 shares of the company’s stock, valued at approximately $149,458,251.20. The trade was a 0.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, December 10th, Aerospace Co. Ltd. Hanwha bought 600,000 shares of NextDecade stock. The stock was 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 purchased 293,131 shares of NextDecade stock. The shares were purchased 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 purchased 151,058 shares of NextDecade stock. The shares were purchased 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 acquired 243,959 shares of NextDecade stock. The stock was purchased 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 stock was purchased at an average cost of $6.04 per share, with a total value of $1,461,353.84.
• On Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha bought 310,964 shares of NextDecade stock. The shares were 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 purchased 205,160 shares of NextDecade stock. The stock was acquired at an average price 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 shares were acquired at an average price of $6.12 per share, with a total value of $679,834.08.
• On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha purchased 175,142 shares of NextDecade stock. The shares were acquired at an average price 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 stock was acquired at an average price of $5.73 per share, for a total transaction of $1,635,926.46.

NextDecade Stock Performance

Shares of NASDAQ:NEXT traded down $0.49 on Wednesday, reaching $5.88. The company’s stock had a trading volume of 4,827,333 shares, compared to its average volume of 2,641,974. The stock’s 50-day moving average is $6.12 and its two-hundred day moving average is $8.16. NextDecade Corporation has a 52-week low of $5.16 and a 52-week high of $12.12. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $1.56 billion, a P/E ratio of -8.05 and a beta of 1.90.

NextDecade (NASDAQ:NEXT) last released its quarterly 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). As a group, sell-side analysts forecast that NextDecade Corporation will post -0.61 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on NEXT. Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a report on Monday. Cowen cut shares of NextDecade from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. TD Cowen cut their price objective 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. Finally, Morgan Stanley restated an “equal weight” rating and issued a $10.00 target price (down previously from $15.00) on shares of NextDecade in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NextDecade has an average rating of “Hold” and a consensus price target of $8.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NEXT. Tudor Investment Corp ET AL boosted its stake in shares of NextDecade by 262.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 912,589 shares of the company’s stock worth $6,196,000 after acquiring an additional 661,028 shares in the last quarter. Cambria Investment Management L.P. raised its holdings in NextDecade by 25.0% during the third quarter. Cambria Investment Management L.P. now owns 59,638 shares of the company’s stock worth $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 third quarter worth $97,000. Caxton Associates LLP purchased a new stake in NextDecade during the third quarter worth $92,000. Finally, Dark Forest Capital Management LP acquired a new stake in NextDecade in the third quarter valued at $1,280,000. 66.74% of the stock is owned by hedge funds and other institutional investors.

About NextDecade

NextDecade Corp. is a development company.