NextDecade (NASDAQ:NEXT) Major Shareholder Purchases $4,966,990.93 in Stock

NextDecade Corporation (NASDAQ:NEXT) major shareholder Aerospace Co. Ltd. Hanwha bought 851,971 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average price of $5.83 per share, for a total transaction of $4,966,990.93. Following the transaction, the insider owned 25,620,222 shares in the company, valued at $149,365,894.26. This trade represents a 3.44% increase in their ownership of the stock. The purchase 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 Friday, December 12th, Aerospace Co. Ltd. Hanwha acquired 800,000 shares of NextDecade stock. The shares were bought at an average cost of $5.54 per share, for a total transaction of $4,432,000.00.
• On Wednesday, December 10th, Aerospace Co. Ltd. Hanwha acquired 600,000 shares of NextDecade stock. The stock was bought at an average price of $6.05 per share, for a total transaction of $3,630,000.00.
• On Tuesday, December 9th, Aerospace Co. Ltd. Hanwha acquired 293,131 shares of NextDecade stock. The stock was bought at an average price of $6.36 per share, for a total transaction of $1,864,313.16.
• On Monday, December 8th, Aerospace Co. Ltd. Hanwha bought 39,467 shares of NextDecade stock. The stock was bought at an average cost of $6.26 per share, with a total value of $247,063.42.
• On Friday, December 5th, Aerospace Co. Ltd. Hanwha bought 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 purchased 243,959 shares of NextDecade stock. The shares were bought at an average price of $6.19 per share, for a total transaction of $1,510,106.21.
• On Wednesday, December 3rd, Aerospace Co. Ltd. Hanwha purchased 241,946 shares of NextDecade stock. The stock was bought at an average cost of $6.04 per share, for a total transaction of $1,461,353.84.
• On Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha acquired 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 shares were bought at an average cost of $6.05 per share, with a total value of $1,241,218.00.
• On Friday, November 28th, Aerospace Co. Ltd. Hanwha bought 111,084 shares of NextDecade stock. The stock was purchased at an average price of $6.12 per share, for a total transaction of $679,834.08.

NextDecade Stock Up 1.8%

Shares of NASDAQ NEXT opened at $5.19 on Thursday. The firm’s fifty day moving average is $5.95 and its 200 day moving average is $8.08. NextDecade Corporation has a 52 week low of $4.99 and a 52 week high of $12.12. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.34. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -7.11 and a beta of 1.90.

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

Hedge Funds Weigh In On NextDecade

Several institutional investors and hedge funds have recently added to or reduced their stakes in NEXT. Adage Capital Partners GP L.L.C. increased its stake 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 valued at $13,810,000 after purchasing an additional 1,300,000 shares in the last quarter. Nuveen LLC purchased a new stake in shares of NextDecade in the 1st quarter worth approximately $8,147,000. Brightline Capital Management LLC bought a new position in NextDecade during the 1st quarter valued at approximately $7,780,000. Qube Research & Technologies Ltd purchased a new position in NextDecade during the third quarter valued at $4,935,000. Finally, Tudor Investment Corp ET AL boosted its holdings in NextDecade by 262.8% in the third 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. Hedge funds and other institutional investors own 66.74% of the company’s stock.

Wall Street Analyst Weigh In

NEXT has been the topic of several recent analyst reports. Zacks Research raised NextDecade from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Cowen cut NextDecade from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextDecade in a research report on Monday. TD Cowen decreased their target price on NextDecade from $8.00 to $7.00 and set a “hold” rating for the company in a report on Thursday, October 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 price target (down previously from $15.00) on shares of NextDecade in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NextDecade has a consensus rating of “Hold” and a consensus target price of $8.50.

NextDecade Company Profile

NextDecade Corp. is a development company.