Key Points
- Aerospace Co. Ltd. Hanwha bought 347,630 NextDecade shares on Nov. 20 at $6.02 and has made multiple large purchases in November and September, bringing its direct stake to 21,246,252 shares (≈$127.9M), a 1.66% increase.
- NextDecade shares opened at $5.61 (down 1.8%), trade below their 50- and 200-day moving averages, report negative EPS and carry a high debt-to-equity ratio (3.34); analysts' consensus is a "Hold" with an average price target of $8.50.
NextDecade Corporation (NASDAQ:NEXT - Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha acquired 347,630 shares of the stock in a transaction dated Thursday, November 20th. The stock was acquired at an average price of $6.02 per share, for a total transaction of $2,092,732.60. Following the completion of the transaction, the insider directly owned 21,246,252 shares of the company's stock, valued at approximately $127,902,437.04. This represents a 1.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Friday, November 21st, Aerospace Co. Ltd. Hanwha bought 419,477 shares of NextDecade stock. The shares were acquired at an average price of $5.73 per share, with a total value of $2,403,603.21.
- On Monday, November 17th, Aerospace Co. Ltd. Hanwha bought 295,875 shares of NextDecade stock. The shares were acquired 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 stock was acquired at an average cost of $6.04 per share, for a total transaction of $1,848,076.92.
- On Tuesday, November 18th, Aerospace Co. Ltd. Hanwha acquired 462,576 shares of NextDecade stock. The shares were bought at an average cost of $5.92 per share, with a total value of $2,738,449.92.
- On Tuesday, November 11th, Aerospace Co. Ltd. Hanwha acquired 591,837 shares of NextDecade stock. The shares were bought at an average price of $6.07 per share, for a total transaction of $3,592,450.59.
- On Wednesday, September 24th, Aerospace Co. Ltd. Hanwha bought 449,510 shares of NextDecade stock. The shares were bought 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 purchased 551,819 shares of NextDecade stock. The stock was bought at an average price of $6.99 per share, for a total transaction of $3,857,214.81.
NextDecade Stock Down 1.8%
NASDAQ NEXT opened at $5.61 on Tuesday. The stock has a 50 day moving average price of $6.29 and a 200-day moving average price of $8.30. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12. The company has a market capitalization of $1.49 billion, a P/E ratio of -7.68 and a beta of 1.71. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.64 and a current ratio of 0.64.
NextDecade (NASDAQ:NEXT - Get Free Report) last issued its quarterly earnings data 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). As a group, equities analysts predict that NextDecade Corporation will post -0.61 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have commented on NEXT shares. Weiss Ratings restated a "sell (e+)" rating on shares of NextDecade in a report on Wednesday, November 19th. Cowen downgraded NextDecade from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. TD Cowen cut their price target on NextDecade from $8.00 to $7.00 and set a "hold" rating on the stock in a research note on Thursday, October 23rd. Morgan Stanley reaffirmed an "equal weight" rating and issued 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 shares of NextDecade from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. One research 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's stock. According to MarketBeat.com, NextDecade currently has an average rating of "Hold" and an average price target of $8.50.
Get Our Latest Report on NEXT
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in NEXT. MetLife Investment Management LLC lifted its position in shares of NextDecade by 2.4% during the first quarter. MetLife Investment Management LLC now owns 68,611 shares of the company's stock valued at $534,000 after buying an additional 1,602 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of NextDecade by 10.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 17,536 shares of the company's stock worth $160,000 after buying an additional 1,675 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of NextDecade by 1.5% during the 3rd quarter. Alliancebernstein L.P. now owns 122,020 shares of the company's stock worth $829,000 after acquiring an additional 1,800 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of NextDecade by 137.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company's stock worth $25,000 after acquiring an additional 1,886 shares in the last quarter. Finally, Comerica Bank lifted its position in NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company's stock valued at $32,000 after acquiring an additional 1,900 shares during the last quarter. 66.74% of the stock is owned by institutional investors.
About NextDecade
(
Get Free Report)
NextDecade Corp. is a development company.
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