Key Points
- Aerospace Co. Ltd. Hanwha purchased 111,084 NextDecade shares on Nov. 28 at an average price of $6.12 ($679,834), raising its holding to 22,682,566 shares—about $138.8 million and a 0.49% increase in its position.
- Hanwha accumulated aggressively across Nov. 17–Dec. 2 with multiple purchases that total roughly $19.8 million, signaling sustained insider buying of NextDecade stock.
- NextDecade trades around $5.82 (1‑year range $5.16–$12.12), has a $1.54B market cap, and carries a consensus analyst rating of "Hold" with an $8.50 target.
NextDecade Corporation (NASDAQ:NEXT - Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha bought 111,084 shares of the business's stock in a transaction dated Friday, November 28th. The stock was bought at an average cost of $6.12 per share, for a total transaction of $679,834.08. Following the completion of the purchase, the insider owned 22,682,566 shares of the company's stock, valued at approximately $138,817,303.92. The trade was a 0.49% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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 Tuesday, December 2nd, Aerospace Co. Ltd. Hanwha purchased 310,964 shares of NextDecade stock. The stock was bought at an average cost 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 purchased at an average cost of $6.05 per share, for a total transaction of $1,241,218.00.
- On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha acquired 175,142 shares of NextDecade stock. The shares were purchased 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 bought 285,502 shares of NextDecade stock. The stock was purchased at an average cost of $5.73 per share, with a total value of $1,635,926.46.
- On Monday, November 24th, Aerospace Co. Ltd. Hanwha purchased 445,109 shares of NextDecade stock. The shares were purchased at an average price 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 shares were purchased 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 acquired 347,630 shares of NextDecade stock. The stock was acquired at an average cost 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 acquired 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 purchased 305,973 shares of NextDecade stock. The stock was acquired 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 shares were acquired at an average cost of $5.92 per share, for a total transaction of $2,738,449.92.
NextDecade Price Performance
NASDAQ NEXT opened at $5.82 on Wednesday. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12. The stock has a 50-day moving average of $6.20 and a 200 day moving average of $8.22. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.64 and a current ratio of 0.64. 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:NEXT - Get Free Report) last announced its quarterly earnings results 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, sell-side analysts forecast that NextDecade Corporation will post -0.61 EPS for the current year.
Analysts Set New Price Targets
NEXT has been the subject of several research analyst reports. TD Cowen cut their price objective on NextDecade from $8.00 to $7.00 and set a "hold" rating for the company in a report on Thursday, October 23rd. Morgan Stanley restated an "equal weight" rating and set a $10.00 price target (down from $15.00) on shares of NextDecade in a research note on Friday, September 12th. Zacks Research raised shares of NextDecade from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Cowen downgraded shares of NextDecade from a "buy" rating to a "hold" rating in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of NextDecade in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.50.
Get Our Latest Stock Analysis on NEXT
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC raised its stake in NextDecade by 2.4% during the 1st quarter. MetLife Investment Management LLC now owns 68,611 shares of the company's stock worth $534,000 after acquiring an additional 1,602 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of NextDecade by 10.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,536 shares of the company's stock worth $160,000 after purchasing an additional 1,675 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of NextDecade by 1.5% during the 3rd quarter. Alliancebernstein L.P. now owns 122,020 shares of the company's stock valued at $829,000 after purchasing an additional 1,800 shares during the period. PNC Financial Services Group Inc. lifted 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 valued at $25,000 after buying an additional 1,886 shares in the last quarter. Finally, Comerica Bank boosted its holdings in NextDecade by 88.0% in the 1st quarter. Comerica Bank now owns 4,060 shares of the company's stock worth $32,000 after buying an additional 1,900 shares during the period. 66.74% of the stock is currently owned by institutional investors.
About NextDecade
(
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NextDecade Corp. is a development company.
Further Reading
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