Intuitive Machines, Inc. $LUNR Position Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 125.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 297,202 shares of the company’s stock after purchasing an additional 165,110 shares during the quarter. TD Waterhouse Canada Inc. owned 0.13% of Intuitive Machines worth $4,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tema ETFs LLC lifted its position in Intuitive Machines by 139,768.2% in the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock valued at $66,418,000 after buying an additional 3,102,854 shares during the last quarter. Tidal Investments LLC purchased a new position in Intuitive Machines during the second quarter worth about $64,452,000. Renaissance Technologies LLC purchased a new position in Intuitive Machines during the first quarter worth about $35,895,000. Bank of America Corp DE boosted its stake in Intuitive Machines by 188.9% during the first quarter. Bank of America Corp DE now owns 1,882,973 shares of the company’s stock worth $34,948,000 after buying an additional 1,231,188 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Intuitive Machines by 28.8% during the first quarter. First Trust Advisors LP now owns 657,318 shares of the company’s stock valued at $12,200,000 after acquiring an additional 147,095 shares during the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Ghaffarian sold 1,698 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $16.00, for a total transaction of $27,168.00. Following the sale, the director directly owned 3,494,768 shares in the company, valued at $55,916,288. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Vontur sold 3,050 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.13, for a total transaction of $49,196.50. Following the sale, the insider directly owned 113,997 shares in the company, valued at $1,838,771.61. This represents a 2.61% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,201,528 shares of company stock valued at $158,629,235 over the last three months. 54.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LUNR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Thursday, October 15th. Zacks Research lowered shares of Intuitive Machines from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Roth Capital set a $30.00 price objective on shares of Intuitive Machines in a report on Thursday, August 13th. B. Riley Financial lowered their price objective on shares of Intuitive Machines from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Intuitive Machines in a report on Monday, September 21st. Seven research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.50.

Intuitive Machines Stock Down 1.9%

Shares of NASDAQ LUNR opened at $10.54 on Wednesday. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The stock has a fifty day simple moving average of $14.99 and a 200-day simple moving average of $20.83.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The company had revenue of $206.17 million during the quarter, compared to analysts’ expectations of $212.32 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post -0.60 earnings per share for the current year.

About Intuitive Machines

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates spacecraft, lunar landers, and related systems designed to support missions to the Moon and other destinations. Its offerings include lunar payload delivery, spacecraft and satellite components, communications and navigation services, and data products for government and commercial customers.

Intuitive Machines is a major participant in NASA’s Commercial Lunar Payload Services program, under which it delivers scientific and technology payloads to the lunar surface.