NextDecade (NASDAQ:NEXT) Major Shareholder Aerospace Co. Ltd. Hanwha Buys 551,819 Shares

Key Points

• Aerospace Co. Ltd. Hanwha, a major shareholder, acquired 551,819 shares of NextDecade at an average price of $6.99, increasing their ownership to 18,088,187 shares.
• NextDecade's stock price has experienced volatility, with a current market capitalization of $1.80 billion and significant institutional ownership at 66.74%.
• Research analysts have mixed ratings on NextDecade, with a consensus rating of "Hold" and a target price set at $9.00, while the stock's recent performance shows fluctuations around its 1-year low of $4.59 and high of $12.12.

NextDecade Corporation (NASDAQ:NEXT - Get Free Report) major shareholder Aerospace Co. Ltd. Hanwha acquired 551,819 shares of the business's stock in a transaction on Tuesday, September 23rd. The stock was purchased at an average price of $6.99 per share, for a total transaction of $3,857,214.81. Following the acquisition, the insider directly owned 18,088,187 shares in the company, valued at $126,436,427.13. This represents a 3.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 Wednesday, September 24th, Aerospace Co. Ltd. Hanwha bought 449,510 shares of NextDecade stock. The stock was bought at an average cost of $7.02 per share, for a total transaction of $3,155,560.20.

NextDecade Price Performance

NASDAQ:NEXT traded down $0.16 during mid-day trading on Thursday, reaching $6.87. 3,320,249 shares of the stock were exchanged, compared to its average volume of 5,363,755. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.77. The firm has a market capitalization of $1.80 billion, a PE ratio of -8.81 and a beta of 1.35. The business has a fifty day moving average price of $9.79 and a 200 day moving average price of $8.68. NextDecade Corporation has a 1-year low of $4.59 and a 1-year high of $12.12.

NextDecade (NASDAQ:NEXT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.23). Research analysts expect that NextDecade Corporation will post -0.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NEXT has been the subject of several research analyst reports. Seaport Res Ptn upgraded shares of NextDecade to a "strong-buy" rating in a research report on Friday, July 25th. Cowen downgraded NextDecade from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. TD Cowen restated a "hold" rating and set a $8.00 target price (down previously from $11.00) on shares of NextDecade in a research report on Monday, September 15th. Zacks Research raised NextDecade from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $10.00 price objective (down from $15.00) on shares of NextDecade in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, NextDecade has a consensus rating of "Hold" and a consensus target price of $9.00.

Institutional Trading of NextDecade

Large investors have recently made changes to their positions in the company. Neo Ivy Capital Management bought a new stake in shares of NextDecade in the 1st quarter valued at $411,000. Teacher Retirement System of Texas bought a new stake in NextDecade during the 1st quarter worth approximately $163,000. Westwood Holdings Group Inc. increased its position in shares of NextDecade by 9.7% during the first quarter. Westwood Holdings Group Inc. now owns 1,179,636 shares of the company's stock worth $9,178,000 after acquiring an additional 104,104 shares in the last quarter. Catalyst Capital Advisors LLC increased its position in shares of NextDecade by 22.6% during the first quarter. Catalyst Capital Advisors LLC now owns 4,597,423 shares of the company's stock worth $35,768,000 after acquiring an additional 846,937 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of NextDecade during the first quarter worth $1,945,000. Institutional investors own 66.74% of the company's stock.

NextDecade Company Profile

NextDecade Corp. is a development company.

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