Havemeyer Place LP Purchases New Stake in Intuitive Machines, Inc. $LUNR

Havemeyer Place LP purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 47,829 shares of the company’s stock, valued at approximately $776,000.

Several other hedge funds have also added to or reduced their stakes in LUNR. International Assets Investment Management LLC bought a new position in Intuitive Machines in the fourth quarter valued at about $28,000. GAMMA Investing LLC boosted its holdings in Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after acquiring an additional 781 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares during the last quarter. CWM LLC boosted its holdings in Intuitive Machines by 406.4% in the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after acquiring an additional 2,337 shares during the last quarter. Finally, Quarry LP boosted its holdings in Intuitive Machines by 151.4% in the third quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after acquiring an additional 3,889 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Zacks Research cut Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a report on Wednesday, May 20th. B. Riley Financial raised their target price on Intuitive Machines to $45.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.50.

Intuitive Machines Trading Up 1.3%

Shares of LUNR opened at $29.74 on Tuesday. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75. The stock has a market cap of $6.45 billion, a P/E ratio of -33.80 and a beta of 1.68. The stock’s 50-day moving average price is $29.11 and its two-hundred day moving average price is $20.79.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. As a group, equities analysts forecast that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Insider Activity at Intuitive Machines

In other news, CEO Stephen J. Altemus sold 13,751 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $324,661.11. Following the sale, the chief executive officer owned 1,162,495 shares of the company’s stock, valued at $27,446,506.95. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the sale, the chief financial officer directly owned 401,246 shares in the company, valued at approximately $9,473,418.06. This represents a 5.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,208,436 shares of company stock valued at $30,867,376 over the last 90 days. Insiders own 54.10% of the company’s stock.

About Intuitive Machines

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.