Tema ETFs LLC Has $66.42 Million Stock Position in Intuitive Machines, Inc. $LUNR

Tema ETFs LLC raised its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 139,768.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,105,074 shares of the company’s stock after buying an additional 3,102,854 shares during the quarter. Intuitive Machines comprises about 2.1% of Tema ETFs LLC’s holdings, making the stock its 8th largest position. Tema ETFs LLC’s holdings in Intuitive Machines were worth $66,418,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in LUNR. Handelsbanken Fonder AB boosted its position in shares of Intuitive Machines by 17.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 49,400 shares of the company’s stock valued at $1,057,000 after acquiring an additional 7,200 shares during the last quarter. Bank of America Corp DE raised its position 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 valued at $34,948,000 after purchasing an additional 1,231,188 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new stake in Intuitive Machines during the first quarter valued at about $59,000. Janus Henderson Group PLC lifted its stake in Intuitive Machines by 38.9% during the first quarter. Janus Henderson Group PLC now owns 51,100 shares of the company’s stock worth $947,000 after purchasing an additional 14,300 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in Intuitive Machines by 28.2% during the first quarter. California State Teachers Retirement System now owns 126,442 shares of the company’s stock worth $2,347,000 after purchasing an additional 27,793 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LUNR shares. Canaccord Genuity Group increased their price objective on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $34.00 target price on shares of Intuitive Machines in a research note on Wednesday, May 20th. Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, May 19th. Roth Capital lifted their price target 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. Finally, KeyCorp boosted their price objective 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. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.31.

Intuitive Machines Trading Up 4.4%

Shares of NASDAQ:LUNR opened at $16.48 on Wednesday. The stock has a market capitalization of $3.58 billion, a P/E ratio of -18.73 and a beta of 1.83. The stock’s 50-day moving average price is $19.04 and its 200-day moving average price is $21.96. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75.

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

Insider Buying and Selling

In related news, major shareholder International L.P. Advent sold 11,495,514 shares of Intuitive Machines stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value of $147,602,399.76. Following the transaction, the insider directly owned 11,495,514 shares of the company’s stock, valued at $147,602,399.76. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 47,303 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $13.20, for a total transaction of $624,399.60. Following the sale, the director owned 3,494,768 shares of the company’s stock, valued at $46,130,937.60. This represents a 1.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 12,278,774 shares of company stock worth $169,062,341. Company 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.