Bank of New York Mellon Corp Has $756,000 Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Bank of New York Mellon Corp raised its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 43.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,440 shares of the company’s stock after buying an additional 30,700 shares during the period. Bank of New York Mellon Corp owned about 0.06% of Intuitive Machines worth $756,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Two Sigma Investments LP bought a new position in Intuitive Machines in the 4th quarter valued at $33,255,000. D. E. Shaw & Co. Inc. grew its holdings in shares of Intuitive Machines by 3,991.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock worth $21,102,000 after purchasing an additional 1,133,581 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock worth $73,503,000 after purchasing an additional 1,017,706 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Intuitive Machines by 99.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock valued at $22,170,000 after purchasing an additional 609,118 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $9,133,000. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LUNR. Canaccord Genuity Group upped their price objective on Intuitive Machines from $21.00 to $21.50 and gave the stock a “buy” rating in a report on Wednesday, May 14th. Bank of America dropped their target price on Intuitive Machines from $16.00 to $10.50 and set an “underperform” rating for the company in a research report on Wednesday, July 16th. Craig Hallum started coverage on Intuitive Machines in a report on Tuesday, July 22nd. They issued a “buy” rating and a $17.00 price target on the stock. Cantor Fitzgerald lifted their price objective on Intuitive Machines from $13.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th. Finally, Roth Capital restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus price target of $15.60.

Insider Transactions at Intuitive Machines

In related news, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total transaction of $866,016.00. Following the completion of the sale, the chief financial officer directly owned 366,824 shares of the company’s stock, valued at approximately $4,401,888. This represents a 16.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the sale, the director owned 3,494,768 shares in the company, valued at $42,286,692.80. This trade represents a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 434,454 shares of company stock valued at $5,295,969. Insiders own 39.75% of the company’s stock.

Intuitive Machines Price Performance

Intuitive Machines stock opened at $10.61 on Friday. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -3.89 and a beta of 1.40. The company’s 50 day simple moving average is $11.21 and its 200 day simple moving average is $12.10.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10). The firm had revenue of $62.52 million for the quarter, compared to the consensus estimate of $66.07 million. As a group, analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Intuitive Machines Company 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.