Insider Buying: NextDecade (NASDAQ:NEXT) Major Shareholder Acquires $1,864,313.16 in Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha acquired 293,131 shares of NextDecade stock in a transaction on Tuesday, December 9th. The stock was acquired at an average price of $6.36 per share, with a total value of $1,864,313.16. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% 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 shares were 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 purchased 39,467 shares of NextDecade stock. The shares were bought 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 shares were bought at an average price of $6.21 per share, with a total value of $938,070.18.
• On Thursday, December 4th, Aerospace Co. Ltd. Hanwha acquired 243,959 shares of NextDecade stock. The stock was bought 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 stock was bought 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 shares were 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 purchased 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 acquired 111,084 shares of NextDecade stock. The shares were purchased 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 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 bought 285,502 shares of NextDecade stock. The stock was purchased at an average price of $5.73 per share, for a total transaction of $1,635,926.46.

NextDecade Stock Down 3.9%

Shares of NASDAQ NEXT opened at $5.46 on Friday. 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 $1.45 billion, a PE ratio of -7.48 and a beta of 1.90. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12. The business’s fifty day moving average price is $6.07 and its 200-day moving average price is $8.13.

NextDecade (NASDAQ:NEXT) last announced its quarterly earnings data 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). On average, equities research analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Adage Capital Partners GP L.L.C. grew its holdings in shares of NextDecade by 520.0% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,550,000 shares of the company’s stock worth $13,810,000 after purchasing an additional 1,300,000 shares in the last quarter. Nuveen LLC bought a new stake in NextDecade during the first quarter valued at approximately $8,147,000. Brightline Capital Management LLC bought a new position in shares of NextDecade in the 1st quarter worth $7,780,000. Qube Research & Technologies Ltd bought a new position in shares of NextDecade in the 3rd quarter worth $4,935,000. Finally, Tudor Investment Corp ET AL raised its position 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 valued at $6,196,000 after buying an additional 661,028 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on NEXT shares. Weiss Ratings restated a “sell (e+)” rating on shares of NextDecade in a research note on Monday. TD Cowen dropped 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. Cowen lowered NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Morgan Stanley reiterated 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. Finally, Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.50.

About NextDecade

NextDecade Corp. is a development company.