Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC lifted its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 161,529.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 244,061 shares of the company’s stock after purchasing an additional 243,910 shares during the period. Headlands Technologies LLC owned approximately 0.17% of Intuitive Machines worth $4,432,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after buying an additional 1,017,706 shares during the period. Geode Capital Management LLC boosted its holdings in Intuitive Machines by 20.5% in the fourth quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock valued at $20,437,000 after purchasing an additional 191,733 shares during the period. State Street Corp grew its stake in Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company’s stock worth $4,637,000 after purchasing an additional 7,538 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Intuitive Machines during the 4th quarter worth about $5,600,000. Finally, Van ECK Associates Corp purchased a new stake in Intuitive Machines during the 4th quarter worth about $3,403,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 73.68% of the stock is owned by company insiders.

Intuitive Machines Price Performance

Shares of LUNR opened at $7.45 on Tuesday. Intuitive Machines, Inc. has a 1-year low of $3.15 and a 1-year high of $24.95. The stock has a market cap of $1.05 billion, a PE ratio of -2.53 and a beta of 1.01. The firm has a fifty day moving average price of $15.06 and a 200 day moving average price of $13.03.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to analyst estimates of $72.58 million. As a group, equities analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LUNR. Roth Mkm decreased their price objective on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. Canaccord Genuity Group decreased their price target on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and issued a $16.00 target price on shares of Intuitive Machines in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

About Intuitive Machines

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.