Key Points
- Aerospace Co. Ltd. Hanwha has been aggressively accumulating NextDecade, buying about 4.33 million shares across September–November (including 285,502 shares on Nov. 25), spending roughly $26.6 million and raising its direct stake to 22.4 million shares (a 1.29% increase).
- NextDecade shares trade near $6.00 with a market cap of about $1.59 billion"Hold" rating with an average target of $8.50.
NextDecade Corporation (NASDAQ:NEXT - Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha purchased 175,142 shares of NextDecade stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of $5.95 per share, for a total transaction of $1,042,094.90. Following the acquisition, the insider owned 22,571,482 shares in the company, valued at $134,300,317.90. This trade represents a 0.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Aerospace Co. Ltd. Hanwha also recently made the following trade(s):
- 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, with a total value of $1,635,926.46.
- On Monday, November 24th, Aerospace Co. Ltd. Hanwha bought 445,109 shares of NextDecade stock. The shares were acquired 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 purchased 419,477 shares of NextDecade stock. The stock was bought at an average price of $5.73 per share, for a total transaction 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 cost of $6.02 per share, with a total value of $2,092,732.60.
- On Monday, November 17th, Aerospace Co. Ltd. Hanwha purchased 295,875 shares of NextDecade stock. The shares were bought at an average price of $5.87 per share, for a total transaction of $1,736,786.25.
- On Wednesday, November 19th, Aerospace Co. Ltd. Hanwha acquired 305,973 shares of NextDecade stock. The stock was purchased 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 acquired 462,576 shares of NextDecade stock. The shares were purchased 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 bought 591,837 shares of NextDecade stock. The shares were acquired 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 stock was acquired at an average cost of $7.02 per share, for a total transaction of $3,155,560.20.
- On Tuesday, September 23rd, Aerospace Co. Ltd. Hanwha purchased 551,819 shares of NextDecade stock. The shares were acquired at an average cost of $6.99 per share, with a total value of $3,857,214.81.
NextDecade Trading Up 2.9%
NASDAQ:NEXT opened at $6.00 on Thursday. The firm has a market capitalization of $1.59 billion, a P/E ratio of -8.22 and a beta of 1.71. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.64 and a quick ratio of 0.64. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12. The company's 50-day simple moving average is $6.26 and its 200 day simple moving average is $8.27.
NextDecade (NASDAQ:NEXT - Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.10). As a group, analysts forecast that NextDecade Corporation will post -0.61 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have issued reports on NEXT. Morgan Stanley reiterated an "equal weight" rating and set a $10.00 price objective (down previously from $15.00) on shares of NextDecade in a research note on Friday, September 12th. Zacks Research raised NextDecade from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Cowen cut shares of NextDecade from a "buy" rating to a "hold" rating in a research note on Monday, September 15th. Weiss Ratings restated a "sell (e+)" rating on shares of NextDecade in a research note on Tuesday. Finally, TD Cowen dropped their target price on shares of NextDecade from $8.00 to $7.00 and set a "hold" rating on the stock in a research note on Thursday, October 23rd. One equities 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $8.50.
Check Out Our Latest Research Report on NextDecade
Institutional Trading of NextDecade
Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its position 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 valued at $25,000 after purchasing an additional 1,886 shares during the last quarter. US Bancorp DE increased its holdings in NextDecade by 22,782.4% during the third quarter. US Bancorp DE now owns 3,890 shares of the company's stock valued at $26,000 after buying an additional 3,873 shares during the last quarter. AlphaQuest LLC increased its holdings in NextDecade by 102.2% during the second quarter. AlphaQuest LLC now owns 3,961 shares of the company's stock valued at $35,000 after buying an additional 2,002 shares during the last quarter. Raymond James Financial Inc. bought a new position in NextDecade in the second quarter worth approximately $36,000. Finally, Comerica Bank boosted its stake in shares of NextDecade by 88.0% during the 1st quarter. Comerica Bank now owns 4,060 shares of the company's stock worth $32,000 after acquiring an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 66.74% of the company's stock.
NextDecade Company Profile
(
Get Free Report)
NextDecade Corp. is a development company.
Further Reading
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