Lbp Am Sa Raises Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Lbp Am Sa lifted its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 78.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,866 shares of the company’s stock after purchasing an additional 31,544 shares during the period. Lbp Am Sa’s holdings in Intuitive Machines were worth $1,305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new stake in Intuitive Machines in the 4th quarter worth approximately $357,000. Victory Capital Management Inc. purchased a new stake in Intuitive Machines in the 4th quarter worth approximately $183,000. Charles Schwab Investment Management Inc. grew its stake in Intuitive Machines by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 109,761 shares of the company’s stock worth $1,993,000 after acquiring an additional 5,970 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after acquiring an additional 3,300 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Intuitive Machines in the 4th quarter worth approximately $2,361,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Machines

In related news, insider Steven Vontur sold 9,266 shares of Intuitive Machines stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the transaction, the insider now owns 98,656 shares in the company, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. The trade was a 9.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 393,659 shares of company stock worth $7,262,364. 73.68% of the stock is currently owned by corporate insiders.

Intuitive Machines Trading Up 9.1 %

NASDAQ:LUNR opened at $7.31 on Friday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -2.49 and a beta of 1.01. The firm’s fifty day simple moving average is $17.43 and its 200 day simple moving average is $12.77. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95.

Wall Street Analysts Forecast Growth

Several analysts have commented on LUNR shares. Roth Mkm lowered their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Roth Capital set a $20.00 price target on shares of Intuitive Machines in a report on Friday, March 7th. Bank of America initiated coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price target on the stock. Finally, Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.38.

Intuitive Machines Company 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.