Key Points
- Aerospace Co. Ltd. Hanwha bought 243,959 shares of NextDecade on Dec. 4 at an average of $6.19, raising its stake to 23,684,595 shares valued at about $146.6 million; the purchases were disclosed in an SEC filing.
- The firm has been actively accumulating NextDecade stock with multiple large buys from Nov. 20–Dec. 5, totaling millions of shares and signaling significant insider buying activity.
- NextDecade trades near $6.15 with a market cap of ~$1.63B, negative EPS (recent quarter missed estimates), high leverage (debt/equity ~3.34), a 50-day MA of $6.15 vs. 200-day MA of $8.18, and an analyst consensus of "Hold" with an average target of $8.50 (FY EPS forecast ~-0.61).
NextDecade Corporation (NASDAQ:NEXT - Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha bought 151,058 shares of the firm's stock in a transaction that occurred on Friday, December 5th. The shares were purchased at an average price of $6.21 per share, for a total transaction of $938,070.18. Following the transaction, the insider owned 23,835,653 shares of the company's stock, valued at $148,019,405.13. The trade was a 0.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 Thursday, December 4th, Aerospace Co. Ltd. Hanwha purchased 243,959 shares of NextDecade stock. The stock was acquired at an average price of $6.19 per share, with a total value of $1,510,106.21.
- On Wednesday, December 3rd, Aerospace Co. Ltd. Hanwha purchased 241,946 shares of NextDecade stock. The shares were acquired 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 shares were acquired at an average price of $5.93 per share, for a total transaction of $1,844,016.52.
- On Monday, December 1st, Aerospace Co. Ltd. Hanwha bought 205,160 shares of NextDecade stock. The stock was acquired at an average price 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 shares were acquired at an average price of $6.12 per share, for a total transaction of $679,834.08.
- On Wednesday, November 26th, Aerospace Co. Ltd. Hanwha purchased 175,142 shares of NextDecade stock. The stock was acquired at an average cost of $5.95 per share, for a total transaction 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 price of $5.73 per share, with a total value of $1,635,926.46.
- On Monday, November 24th, Aerospace Co. Ltd. Hanwha acquired 445,109 shares of NextDecade stock. The shares were bought at an average cost of $5.59 per share, with a total value of $2,488,159.31.
- On Friday, November 21st, Aerospace Co. Ltd. Hanwha bought 419,477 shares of NextDecade stock. The stock was bought at an average cost 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 price of $6.02 per share, with a total value of $2,092,732.60.
NextDecade Stock Performance
Shares of NEXT stock opened at $6.15 on Friday. 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 firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -8.42 and a beta of 1.90. NextDecade Corporation has a one year low of $5.16 and a one year high of $12.12. The company has a 50 day moving average price of $6.15 and a 200 day moving average price of $8.18.
NextDecade (NASDAQ:NEXT - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.10). Sell-side analysts anticipate that NextDecade Corporation will post -0.61 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have issued reports on NEXT. Cowen downgraded NextDecade from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. Weiss Ratings reiterated a "sell (e+)" rating on shares of NextDecade in a report on Monday. Morgan Stanley reissued an "equal weight" rating and set a $10.00 target price (down previously from $15.00) on shares of NextDecade in a research report on Friday, September 12th. TD Cowen cut their price target on shares of NextDecade from $8.00 to $7.00 and set a "hold" rating on the stock in a report on Thursday, October 23rd. Finally, Zacks Research raised shares of NextDecade from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, NextDecade has a consensus rating of "Hold" and a consensus target price of $8.50.
View Our Latest Report on NEXT
Institutional Investors Weigh In On NextDecade
Large investors have recently modified their holdings of the stock. MetLife Investment Management LLC lifted its position 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in NextDecade by 10.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 17,536 shares of the company's stock valued at $160,000 after acquiring an additional 1,675 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of NextDecade by 1.5% during the third 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 position in shares of NextDecade by 137.2% during the first quarter. PNC Financial Services Group Inc. now owns 3,261 shares of the company's stock worth $25,000 after purchasing an additional 1,886 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of NextDecade by 88.0% during the first quarter. Comerica Bank now owns 4,060 shares of the company's stock worth $32,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company's stock.
NextDecade Company Profile
(
Get Free Report)
NextDecade Corp. is a development company.
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