Calamos Advisors LLC Acquires New Shares in Intuitive Machines, Inc. $LUNR

Calamos Advisors LLC bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 160,763 shares of the company’s stock, valued at approximately $2,984,000.

Several other institutional investors also recently bought and sold shares of LUNR. Trustees of the University of Pennsylvania bought a new stake in shares of Intuitive Machines during the 4th quarter worth about $52,689,000. UBS Group AG raised its stake in shares of Intuitive Machines by 22.0% in the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock valued at $50,238,000 after acquiring an additional 557,517 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Intuitive Machines by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock worth $44,399,000 after purchasing an additional 61,084 shares during the last quarter. Bank of America Corp DE lifted its holdings in Intuitive Machines by 18.4% in the 3rd quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after purchasing an additional 415,359 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Intuitive Machines by 3,582.9% during the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after purchasing an additional 2,386,688 shares during the period. 72.21% of the stock is currently owned by institutional investors.

Insider Transactions at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the sale, the senior vice president directly owned 351,279 shares of the company’s stock, valued at $7,682,471.73. This trade represents a 29.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the transaction, the director owned 68,875 shares in the company, valued at $2,057,296.25. This represents a 21.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,019,775 shares of company stock worth $28,399,292. 54.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on LUNR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Roth Capital boosted their price objective on shares of Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Cantor Fitzgerald upped their price objective on shares of Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, KeyCorp lifted their target price on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Intuitive Machines has an average rating of “Hold” and a consensus price target of $31.50.

Intuitive Machines Trading Down 0.4%

Shares of LUNR stock opened at $14.85 on Thursday. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75. The firm’s fifty day simple moving average is $27.32 and its 200 day simple moving average is $22.59. The firm has a market capitalization of $3.22 billion, a P/E ratio of -16.88 and a beta of 1.78.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million. Equities research analysts anticipate that Intuitive Machines, Inc. will post -0.36 EPS for the current fiscal year.

Intuitive Machines Company Profile

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.