Insider Buying: NextDecade (NASDAQ:NEXT) Major Shareholder Purchases 205,160 Shares of Stock

NextDecade Corporation (NASDAQ:NEXTGet Free Report) major shareholder Aerospace Co. Ltd. Hanwha acquired 205,160 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were acquired at an average price of $6.05 per share, with a total value of $1,241,218.00. Following the completion of the purchase, the insider owned 22,887,726 shares in the company, valued at approximately $138,470,742.30. This trade represents a 0.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 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 Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha acquired 310,964 shares of NextDecade stock. The stock was acquired at an average price of $5.93 per share, for a total transaction of $1,844,016.52.
  • On Friday, November 28th, Aerospace Co. Ltd. Hanwha bought 111,084 shares of NextDecade stock. The shares were acquired 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 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 purchased 285,502 shares of NextDecade stock. The stock was acquired at an average cost of $5.73 per share, for a total transaction of $1,635,926.46.
  • On Monday, November 24th, Aerospace Co. Ltd. Hanwha purchased 445,109 shares of NextDecade stock. The shares were bought at an average cost of $5.59 per share, for a total transaction of $2,488,159.31.
  • On Friday, November 21st, Aerospace Co. Ltd. Hanwha acquired 419,477 shares of NextDecade stock. The stock was bought at an average cost of $5.73 per share, with a total value of $2,403,603.21.
  • On Thursday, November 20th, Aerospace Co. Ltd. Hanwha bought 347,630 shares of NextDecade stock. The stock was bought at an average price of $6.02 per share, for a total transaction of $2,092,732.60.
  • On Monday, November 17th, Aerospace Co. Ltd. Hanwha bought 295,875 shares of NextDecade stock. The shares were bought at an average cost of $5.87 per share, for a total transaction of $1,736,786.25.
  • On Wednesday, November 19th, Aerospace Co. Ltd. Hanwha purchased 305,973 shares of NextDecade stock. The shares were bought at an average price of $6.04 per share, with a total value of $1,848,076.92.
  • On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha purchased 462,576 shares of NextDecade stock. The stock was bought at an average cost of $5.92 per share, with a total value of $2,738,449.92.

NextDecade Stock Performance

NextDecade stock traded down $0.15 during mid-day trading on Tuesday, hitting $5.82. The company had a trading volume of 2,671,679 shares, compared to its average volume of 2,746,768. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.34. NextDecade Corporation has a 12-month low of $5.16 and a 12-month high of $12.12. The company’s fifty day moving average is $6.20 and its 200-day moving average is $8.22. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -7.97 and a beta of 1.90.

NextDecade (NASDAQ:NEXTGet Free Report) last posted its 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). Equities research analysts predict that NextDecade Corporation will post -0.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NEXT. Cambria Investment Management L.P. boosted its holdings in NextDecade by 25.0% in the 3rd quarter. Cambria Investment Management L.P. now owns 59,638 shares of the company’s stock worth $405,000 after buying an additional 11,925 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of NextDecade in the third quarter valued at approximately $97,000. Caxton Associates LLP purchased a new position in shares of NextDecade in the third quarter valued at approximately $92,000. Dark Forest Capital Management LP acquired a new stake in shares of NextDecade in the third quarter worth approximately $1,280,000. Finally, Voleon Capital Management LP purchased a new stake in shares of NextDecade during the third quarter worth approximately $174,000. 66.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NEXT has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 price objective (down previously from $15.00) on shares of NextDecade in a report on Friday, September 12th. Zacks Research upgraded NextDecade from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextDecade in a report on Monday. TD Cowen lowered their price target 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, Cowen cut NextDecade from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. One research 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, the stock currently has an average rating of “Hold” and an average price target of $8.50.

Get Our Latest Stock Analysis on NEXT

About NextDecade

(Get Free Report)

NextDecade Corp. is a development company.

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Insider Buying and Selling by Quarter for NextDecade (NASDAQ:NEXT)

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