Vanguard Group Inc. Acquires 717,256 Shares of Intuitive Machines, Inc. $LUNR

Vanguard Group Inc. lifted its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 13.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,090,059 shares of the company’s stock after acquiring an additional 717,256 shares during the period. Vanguard Group Inc.’s holdings in Intuitive Machines were worth $64,067,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of LUNR. Tealwood Asset Management Inc. boosted its holdings in Intuitive Machines by 4.4% in the 3rd quarter. Tealwood Asset Management Inc. now owns 21,250 shares of the company’s stock valued at $224,000 after purchasing an additional 900 shares during the period. Tower Research Capital LLC TRC grew its position in Intuitive Machines by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,478 shares of the company’s stock worth $147,000 after buying an additional 1,499 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Intuitive Machines by 180.0% in the second quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after purchasing an additional 1,800 shares during the period. SBI Securities Co. Ltd. increased its holdings in Intuitive Machines by 5.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 38,115 shares of the company’s stock valued at $401,000 after buying an additional 1,911 shares during the period. Finally, Bulltick Wealth Management LLC raised its position in Intuitive Machines by 6.4% during the second quarter. Bulltick Wealth Management LLC now owns 35,000 shares of the company’s stock valued at $380,000 after purchasing an additional 2,100 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research note on Thursday, January 22nd. B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Stifel Nicolaus set a $20.00 target price on Intuitive Machines and gave the stock a “hold” rating in a report on Friday, January 9th. Zacks Research upgraded Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, Canaccord Genuity Group lifted their price target on Intuitive Machines from $15.50 to $22.50 and gave the company a “buy” rating in a research note on Monday, January 12th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.27.

Insiders Place Their Bets

In other news, CFO Peter Mcgrath sold 25,541 shares of Intuitive Machines stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $445,435.04. Following the completion of the transaction, the chief financial officer directly owned 425,800 shares of the company’s stock, valued at approximately $7,425,952. This trade represents a 5.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven Vontur sold 4,343 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total value of $75,741.92. Following the completion of the transaction, the insider directly owned 117,047 shares in the company, valued at $2,041,299.68. This represents a 3.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,689,913 shares of company stock valued at $62,240,781. 39.75% of the stock is currently owned by insiders.

Intuitive Machines Stock Down 0.2%

LUNR opened at $17.63 on Friday. Intuitive Machines, Inc. has a twelve month low of $6.14 and a twelve month high of $23.32. The company has a fifty day moving average of $18.30 and a 200-day moving average of $13.31. The stock has a market cap of $3.18 billion, a PE ratio of -7.14 and a beta of 1.40.

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.