Rockefeller Capital Management L.P. Acquires Shares of 34,975 Intuitive Machines, Inc. $LUNR

Rockefeller Capital Management L.P. bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,975 shares of the company’s stock, valued at approximately $380,000.

Several other hedge funds have also recently modified their holdings of LUNR. Golden State Wealth Management LLC boosted its holdings in Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after buying an additional 1,800 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Intuitive Machines by 35.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after acquiring an additional 1,127 shares in the last quarter. Philadelphia Trust Co. boosted its stake in shares of Intuitive Machines by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company’s stock worth $82,000 after acquiring an additional 1,000 shares during the last quarter. IPG Investment Advisors LLC purchased a new stake in shares of Intuitive Machines during the first quarter worth approximately $89,000. Finally, Rossby Financial LCC increased its position in shares of Intuitive Machines by 54.2% during the second quarter. Rossby Financial LCC now owns 13,804 shares of the company’s stock worth $150,000 after purchasing an additional 4,851 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LUNR shares. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a report on Friday, November 7th. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Roth Capital restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Wednesday, October 8th. Finally, Stifel Nicolaus began coverage on shares of Intuitive Machines in a research note on Monday, November 3rd. They issued a “buy” rating and a $18.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intuitive Machines presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.50.

Intuitive Machines Trading Down 1.1%

Shares of LUNR stock opened at $9.29 on Friday. Intuitive Machines, Inc. has a twelve month low of $6.14 and a twelve month high of $24.95. The company’s 50-day moving average price is $10.80 and its 200-day moving average price is $10.62. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -3.76 and a beta of 1.42.

Insiders Place Their Bets

In other news, Director Michael Blitzer bought 141,080 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $9.27 per share, for a total transaction of $1,307,811.60. Following the acquisition, the director directly owned 1,831,248 shares of the company’s stock, valued at $16,975,668.96. This trade represents a 8.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 39.75% of the stock is owned by insiders.

Intuitive Machines Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.