TD Waterhouse Canada Inc. Sells 119,213 Shares of Intuitive Machines, Inc. $LUNR

TD Waterhouse Canada Inc. cut its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 47.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,092 shares of the company’s stock after selling 119,213 shares during the period. TD Waterhouse Canada Inc.’s holdings in Intuitive Machines were worth $2,667,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Trustees of the University of Pennsylvania acquired a new position in Intuitive Machines during the fourth quarter worth approximately $52,689,000. Tema ETFs LLC boosted its stake in shares of Intuitive Machines by 139,768.2% during the 2nd quarter. Tema ETFs LLC now owns 3,105,074 shares of the company’s stock worth $66,418,000 after acquiring an additional 3,102,854 shares during the period. First Trust Advisors LP increased its holdings in shares of Intuitive Machines by 3,582.9% during the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after acquiring an additional 2,386,688 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Intuitive Machines during the 1st quarter valued at $35,895,000. Finally, Jump Financial LLC lifted its holdings in Intuitive Machines by 5,262.9% during the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after purchasing an additional 1,314,888 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Machines Stock Performance

LUNR stock opened at $14.81 on Tuesday. The firm has a 50-day moving average price of $15.86 and a 200-day moving average price of $21.75. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75. The stock has a market capitalization of $3.39 billion, a P/E ratio of -15.59 and a beta of 1.85.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The company had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post -0.6 EPS for the current fiscal year.

Insider Transactions at Intuitive Machines

In other news, major shareholder International L.P. Advent sold 11,495,514 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total value of $147,602,399.76. Following the completion of the transaction, the insider directly owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kamal Ghaffarian sold 267,448 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.17, for a total value of $4,324,634.16. Following the sale, the director directly owned 3,494,768 shares in the company, valued at approximately $56,510,398.56. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,389,042 shares of company stock valued at $164,885,256 over the last quarter. 54.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Friday, July 17th. B. Riley Financial decreased their price objective on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Zacks Research raised shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research note on Wednesday, May 20th. Finally, Cantor Fitzgerald cut their price objective on shares of Intuitive Machines from $43.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

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.