Key Points
- Aerospace Co. Ltd. Hanwha bought 800,000 shares of NextDecade on December 12 at an average price of $5.54, spending $4,432,000 and increasing its stake to 26,420,222 shares (valued at ~$146.37M), a 3.12% ownership increase.
- The December 12 trade was part of a multi-day accumulation from November 28–December 12 in which Hanwha purchased roughly 3.85 million shares, investing about $22.8 million overall.
- For context, NEXT is trading near $5.13 with 50-/200-day SMAs of $6.02/$8.12 and a 52-week low of $5.09; analysts' consensus rating is Hold with a $8.50 target.
NextDecade Corporation (NASDAQ:NEXT - Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha bought 800,000 shares of the company's stock in a transaction dated Friday, December 12th. The stock was purchased at an average cost of $5.54 per share, for a total transaction of $4,432,000.00. Following the completion of the transaction, the insider owned 26,420,222 shares of the company's stock, valued at $146,368,029.88. This represents a 3.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Aerospace Co. Ltd. Hanwha also recently made the following trade(s):
- On Thursday, December 11th, Aerospace Co. Ltd. Hanwha acquired 851,971 shares of NextDecade stock. The stock was purchased at an average cost of $5.83 per share, with a total value of $4,966,990.93.
- On Wednesday, December 10th, Aerospace Co. Ltd. Hanwha acquired 600,000 shares of NextDecade stock. The shares were purchased at an average price of $6.05 per share, for a total transaction of $3,630,000.00.
- On Tuesday, December 9th, Aerospace Co. Ltd. Hanwha bought 293,131 shares of NextDecade stock. The shares were purchased at an average cost of $6.36 per share, for a total transaction of $1,864,313.16.
- On Monday, December 8th, Aerospace Co. Ltd. Hanwha bought 39,467 shares of NextDecade stock. The stock was acquired at an average price of $6.26 per share, with a total value of $247,063.42.
- On Friday, December 5th, Aerospace Co. Ltd. Hanwha bought 151,058 shares of NextDecade stock. The stock was acquired at an average cost of $6.21 per share, with a total value of $938,070.18.
- On Thursday, December 4th, Aerospace Co. Ltd. Hanwha purchased 243,959 shares of NextDecade stock. The shares were acquired 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 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 stock was acquired 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 bought 205,160 shares of NextDecade stock. The stock was acquired at an average price of $6.05 per share, for a total transaction of $1,241,218.00.
- On Friday, November 28th, Aerospace Co. Ltd. Hanwha purchased 111,084 shares of NextDecade stock. The stock was bought at an average cost of $6.12 per share, with a total value of $679,834.08.
NextDecade Stock Performance
NEXT stock opened at $5.13 on Tuesday. The firm has a 50 day simple moving average of $6.02 and a 200 day simple moving average of $8.12. NextDecade Corporation has a 52 week low of $5.09 and a 52 week high of $12.12. The stock has a market cap of $1.36 billion, a P/E ratio of -7.03 and a beta of 1.90. 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 released its 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). Research analysts anticipate that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NextDecade
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEXT. Vanguard Group Inc. boosted its holdings in shares of NextDecade by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 10,378,992 shares of the company's stock worth $70,473,000 after buying an additional 52,803 shares during the period. Catalyst Capital Advisors LLC boosted its holdings in NextDecade by 2.3% during the second quarter. Catalyst Capital Advisors LLC now owns 4,704,427 shares of the company's stock valued at $41,916,000 after acquiring an additional 107,004 shares during the period. Geode Capital Management LLC grew its position in shares of NextDecade by 12.3% in the second quarter. Geode Capital Management LLC now owns 3,541,633 shares of the company's stock valued at $31,559,000 after purchasing an additional 386,613 shares during the last quarter. Bank of America Corp DE increased its stake in shares of NextDecade by 16.7% in the second quarter. Bank of America Corp DE now owns 3,102,352 shares of the company's stock worth $27,642,000 after purchasing an additional 444,518 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NextDecade by 17.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,248,028 shares of the company's stock valued at $17,490,000 after purchasing an additional 338,429 shares during the period. Institutional investors and hedge funds own 66.74% of the company's stock.
Analysts Set New Price Targets
A number of research firms recently issued reports on NEXT. Cowen cut 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, December 8th. Zacks Research raised NextDecade from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. TD Cowen decreased their target price on shares of NextDecade from $8.00 to $7.00 and set a "hold" rating for the company in a research report on Thursday, October 23rd. Finally, Morgan Stanley restated an "equal weight" rating and set a $10.00 price target (down previously from $15.00) on shares of NextDecade in a report on Friday, September 12th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $8.50.
View Our Latest Analysis on NextDecade
About NextDecade
(
Get Free Report)
NextDecade Corp. is a development company.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
