WINTON GROUP Ltd lifted its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR – Free Report) by 538.9% during the second quarter, Holdings Channel reports. The firm owned 171,857 shares of the company’s stock after acquiring an additional 144,957 shares during the period. WINTON GROUP Ltd’s holdings in Intuitive Machines were worth $3,676,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in LUNR. Nykredit A S bought a new stake in Intuitive Machines in the 2nd quarter worth about $25,000. International Assets Investment Management LLC bought a new position in shares of Intuitive Machines during the 4th quarter worth approximately $28,000. State of Wyoming purchased a new position in shares of Intuitive Machines in the 1st quarter worth approximately $39,000. Larson Financial Group LLC boosted its stake in shares of Intuitive Machines by 63.2% in the 4th quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after buying an additional 1,016 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Intuitive Machines by 144.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after acquiring an additional 1,738 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Zacks Research raised Intuitive Machines from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Roth Capital set a $30.00 price objective on Intuitive Machines in a research report on Thursday, August 13th. Stifel Nicolaus upgraded Intuitive Machines from a “hold” rating to a “buy” rating and reduced their price objective for the company from $32.00 to $26.00 in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $34.00 target price on shares of Intuitive Machines in a research report on Wednesday, May 20th. Finally, Canaccord Genuity Group lowered their target price on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.50.
Insider Transactions at Intuitive Machines
In other news, major shareholder International L.P. Advent sold 11,495,514 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total transaction of $147,602,399.76. Following the completion of the transaction, the insider owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Vontur sold 3,050 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.13, for a total value of $49,196.50. Following the transaction, the insider owned 113,997 shares of the company’s stock, valued at $1,838,771.61. The trade was a 2.61% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 12,485,346 shares of company stock valued at $166,369,356. Corporate insiders own 54.10% of the company’s stock.
Intuitive Machines Stock Down 2.1%
Shares of LUNR stock opened at $14.62 on Friday. The firm has a market cap of $3.35 billion, a P/E ratio of -15.39 and a beta of 1.85. The company has a 50 day moving average of $15.54 and a 200-day moving average of $21.69. Intuitive Machines, Inc. has a 12-month low of $7.78 and a 12-month high of $46.75.
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The company had revenue of $206.17 million during the quarter, compared to analyst estimates of $212.32 million. As a group, equities analysts expect that Intuitive Machines, Inc. will post -0.6 EPS for the current year.
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.
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