Key Points
- Aerospace Co. Ltd. Hanwha bought 39,467 NextDecade shares on Dec. 8 at an average of $6.26 ($247,063), bringing its stake to 23,875,120 shares valued at about $149.46 million (a 0.17% ownership increase).
- Hanwha has actively accumulated NEXT across late November–early December, completing multiple purchases (including 600,000 shares on Dec. 10) totaling roughly $16.1 million over the period.
- NextDecade has a market capitalization of $1.56 billion, institutional ownership of 66.74%, and a consensus analyst rating of Hold with a $8.50 target.
NextDecade Corporation (NASDAQ:NEXT - Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha acquired 39,467 shares of the business's stock in a transaction that occurred on Monday, December 8th. The stock was bought at an average cost of $6.26 per share, for a total transaction of $247,063.42. Following the completion of the purchase, the insider owned 23,875,120 shares of the company's stock, valued at $149,458,251.20. This trade represents a 0.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more 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 Wednesday, December 10th, Aerospace Co. Ltd. Hanwha bought 600,000 shares of NextDecade stock. The shares were purchased at an average cost of $6.05 per share, with a total value of $3,630,000.00.
- On Tuesday, December 9th, Aerospace Co. Ltd. Hanwha purchased 293,131 shares of NextDecade stock. The stock was purchased at an average price of $6.36 per share, for a total transaction of $1,864,313.16.
- On Friday, December 5th, Aerospace Co. Ltd. Hanwha acquired 151,058 shares of NextDecade stock. The shares were purchased at an average price of $6.21 per share, with a total value of $938,070.18.
- On Thursday, December 4th, Aerospace Co. Ltd. Hanwha bought 243,959 shares of NextDecade stock. The stock was purchased at an average price of $6.19 per share, for a total transaction of $1,510,106.21.
- On Wednesday, December 3rd, Aerospace Co. Ltd. Hanwha purchased 241,946 shares of NextDecade stock. The shares were purchased 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 stock was acquired at an average cost of $5.93 per share, for a total transaction of $1,844,016.52.
- On Monday, December 1st, Aerospace Co. Ltd. Hanwha purchased 205,160 shares of NextDecade stock. The stock was acquired at an average cost of $6.05 per share, for a total transaction of $1,241,218.00.
- On Friday, November 28th, Aerospace Co. Ltd. Hanwha acquired 111,084 shares of NextDecade stock. The stock was bought at an average price 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 bought 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 bought at an average cost of $5.73 per share, with a total value of $1,635,926.46.
NextDecade Price Performance
NEXT stock opened at $5.88 on Thursday. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.64 and a quick ratio of 0.64. The company's 50-day moving average is $6.12 and its 200-day moving average is $8.16. The stock has a market capitalization of $1.56 billion, a PE ratio of -8.05 and a beta of 1.90. NextDecade Corporation has a 1 year low of $5.16 and a 1 year high of $12.12.
NextDecade (NASDAQ:NEXT - Get Free Report) last posted its quarterly 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). Equities research analysts expect that NextDecade Corporation will post -0.61 EPS for the current fiscal year.
Institutional Trading of NextDecade
Several hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased 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 purchasing an additional 1,886 shares during the last quarter. Deutsche Bank AG lifted its position in shares of NextDecade by 4.1% during the 1st quarter. Deutsche Bank AG now owns 106,000 shares of the company's stock valued at $825,000 after buying an additional 4,162 shares during the last quarter. Invesco Ltd. grew its stake in shares of NextDecade by 162.3% during the 1st quarter. Invesco Ltd. now owns 444,473 shares of the company's stock worth $3,458,000 after acquiring an additional 275,048 shares during the period. Virtu Financial LLC bought a new position in shares of NextDecade during the 1st quarter worth $374,000. Finally, Nuveen LLC purchased a new stake in NextDecade in the 1st quarter worth about $8,147,000. Institutional investors own 66.74% of the company's stock.
Analyst Ratings Changes
NEXT has been the subject of several research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of NextDecade in a research report on Monday. 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. Cowen downgraded shares of NextDecade from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. TD Cowen dropped their price target on shares of NextDecade from $8.00 to $7.00 and set a "hold" rating on the stock in a research report on Thursday, October 23rd. Finally, Zacks Research raised 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 assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.50.
Read Our Latest Analysis on NextDecade
NextDecade Company Profile
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NextDecade Corp. is a development company.
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