Oxford Asset Management LLP Acquires Shares of 27,696 Intuitive Machines, Inc. (NASDAQ:LUNR)

Oxford Asset Management LLP bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 27,696 shares of the company’s stock, valued at approximately $503,000.

A number of other large investors have also recently modified their holdings of LUNR. Jones Financial Companies Lllp raised its holdings in Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $70,000 after purchasing an additional 3,381 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock valued at $90,000 after acquiring an additional 3,300 shares during the period. Victory Capital Management Inc. bought a new stake in Intuitive Machines during the fourth quarter worth about $183,000. Freedom Investment Management Inc. purchased a new stake in Intuitive Machines in the fourth quarter worth about $196,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Intuitive Machines during the fourth quarter valued at approximately $217,000. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Roth Capital set a $20.00 price objective on Intuitive Machines in a research report on Friday, March 7th. Benchmark reaffirmed a “buy” rating and issued a $16.00 price target on shares of Intuitive Machines in a research report on Tuesday, March 25th. Roth Mkm reduced their price objective 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. Bank of America initiated coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price on the stock. Finally, Cantor Fitzgerald decreased their price objective on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Insider Activity

In other news, CFO Peter Mcgrath sold 37,906 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the transaction, the chief financial officer now owns 438,992 shares of the company’s stock, valued at $3,384,628.32. This trade represents a 7.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines 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 $2,043,731.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,700 shares of company stock valued at $589,489 in the last quarter. 73.68% of the stock is currently owned by insiders.

Intuitive Machines Stock Up 2.4 %

LUNR opened at $8.58 on Friday. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The firm has a 50 day moving average price of $9.59 and a 200-day moving average price of $12.98. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -2.92 and a beta of 1.33.

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

Intuitive Machines 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.