Y Intercept Hong Kong Ltd Makes New Investment in Intuitive Machines, Inc. $LUNR

Y Intercept Hong Kong Ltd bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 116,297 shares of the company’s stock, valued at approximately $1,264,000. Y Intercept Hong Kong Ltd owned about 0.07% of Intuitive Machines as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Intuitive Machines by 27.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company’s stock worth $1,045,000 after acquiring an additional 30,447 shares during the last quarter. Swiss National Bank acquired a new stake in Intuitive Machines during the first quarter worth $1,203,000. ARK Investment Management LLC increased its stake in Intuitive Machines by 56.1% during the second quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock worth $12,596,000 after acquiring an additional 416,337 shares during the last quarter. Palisades Investment Partners LLC acquired a new stake in Intuitive Machines during the first quarter worth $2,993,000. Finally, Jump Financial LLC acquired a new stake in Intuitive Machines during the first quarter worth $1,900,000. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Craig Hallum assumed coverage on Intuitive Machines in a research note on Tuesday, July 22nd. They issued a “buy” rating and a $17.00 price objective for the company. Bank of America dropped their price objective on Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating for the company in a research note on Monday, August 25th. UBS Group reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft set a $18.00 price objective on Intuitive Machines and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Canaccord Genuity Group dropped their price objective on Intuitive Machines from $19.00 to $18.50 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Intuitive Machines presently has a consensus rating of “Hold” and an average target price of $15.44.

Intuitive Machines Trading Up 5.0%

NASDAQ:LUNR opened at $11.94 on Monday. The firm has a market cap of $2.13 billion, a PE ratio of -3.69 and a beta of 1.42. The stock has a fifty day moving average price of $10.56 and a 200 day moving average price of $10.51. Intuitive Machines, Inc. has a 12-month low of $6.14 and a 12-month high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The company had revenue of $50.31 million during the quarter, compared to analysts’ expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. Equities analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS 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.