Lbp Am Sa Acquires 119,419 Shares of Intuitive Machines, Inc. $LUNR

Lbp Am Sa increased its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 87.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 256,417 shares of the company’s stock after buying an additional 119,419 shares during the period. Lbp Am Sa’s holdings in Intuitive Machines were worth $2,698,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in LUNR. Geode Capital Management LLC increased its stake in shares of Intuitive Machines by 78.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,593,135 shares of the company’s stock worth $28,191,000 after purchasing an additional 1,141,454 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Intuitive Machines by 56.1% in the third quarter. Voya Investment Management LLC now owns 2,656,684 shares of the company’s stock valued at $27,948,000 after buying an additional 954,778 shares during the period. JPMorgan Chase & Co. increased its holdings in Intuitive Machines by 1,036.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 541,037 shares of the company’s stock worth $5,881,000 after acquiring an additional 493,446 shares during the last quarter. ARK Investment Management LLC raised its stake in Intuitive Machines by 56.1% in the 2nd quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock valued at $12,596,000 after acquiring an additional 416,337 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Intuitive Machines during the second quarter valued at about $4,046,000. Institutional investors own 72.21% of the company’s stock.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 200,000 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the completion of the sale, the senior vice president owned 298,435 shares of the company’s stock, valued at $4,786,897.40. This represents a 40.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Blitzer bought 141,080 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average price of $9.27 per share, with a total value of $1,307,811.60. Following the completion of the acquisition, the director owned 1,831,248 shares of the company’s stock, valued at $16,975,668.96. This trade represents a 8.35% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 3,550,000 shares of company stock worth $59,924,826. Company insiders own 39.75% of the company’s stock.

Intuitive Machines Trading Up 10.2%

Shares of NASDAQ LUNR opened at $20.29 on Wednesday. The business has a 50-day moving average of $14.75 and a 200-day moving average of $12.01. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $23.89. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -8.21 and a beta of 1.37.

Analyst Upgrades and Downgrades

LUNR has been the subject of several recent research reports. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. B. Riley raised their price objective on shares of Intuitive Machines from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, December 22nd. Roth Mkm reiterated a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft set a $18.00 target price on Intuitive Machines and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Bank of America lifted their price target on Intuitive Machines from $8.50 to $9.50 and gave the company an “underperform” rating in a research report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.73.

Intuitive Machines Company Profile

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.