Intech Investment Management LLC Has $579,000 Stock Position in Intuitive Machines, Inc. $LUNR

Intech Investment Management LLC decreased its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 36.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,669 shares of the company’s stock after selling 20,593 shares during the quarter. Intech Investment Management LLC’s holdings in Intuitive Machines were worth $579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in Intuitive Machines by 41.5% during the 4th quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock worth $43,000 after acquiring an additional 781 shares during the period. Sigma Planning Corp boosted its position in Intuitive Machines by 8.8% during the 4th quarter. Sigma Planning Corp now owns 10,947 shares of the company’s stock worth $178,000 after acquiring an additional 886 shares during the period. Larson Financial Group LLC boosted its position in Intuitive Machines by 63.2% during the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after acquiring an additional 1,016 shares during the period. Handelsbanken Fonder AB boosted its position in Intuitive Machines by 3.6% during the 4th quarter. Handelsbanken Fonder AB now owns 34,400 shares of the company’s stock worth $558,000 after acquiring an additional 1,200 shares during the period. Finally, ProShare Advisors LLC boosted its position in Intuitive Machines by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 19,994 shares of the company’s stock worth $325,000 after acquiring an additional 1,280 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a research report on Friday, May 15th. KeyCorp raised their price objective on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research report on Wednesday, May 20th. Roth Mkm raised their price objective on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Finally, Zacks Research lowered Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.50.

Intuitive Machines Price Performance

Shares of Intuitive Machines stock opened at $27.47 on Wednesday. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of -31.22 and a beta of 1.68. Intuitive Machines, Inc. has a 52-week low of $7.78 and a 52-week high of $46.75. The stock has a 50-day simple moving average of $29.31 and a 200-day simple moving average of $20.92.

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

Insider Buying and Selling at Intuitive Machines

In other news, CFO Peter Mcgrath sold 24,554 shares of Intuitive Machines stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the completion of the sale, the chief financial officer directly owned 401,246 shares in the company, valued at $9,473,418.06. The trade was a 5.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $39.02, for a total value of $5,537,289.18. Following the sale, the director owned 3,494,768 shares of the company’s stock, valued at approximately $136,365,847.36. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,208,436 shares of company stock worth $30,867,376 over the last quarter. 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.