X Square Capital LLC Takes Position in Intuitive Machines, Inc. $LUNR

X Square Capital LLC bought a new stake in Intuitive Machines, Inc. (NASDAQ:LUNRFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 101,000 shares of the company’s stock, valued at approximately $1,639,000.

Several other hedge funds have also added to or reduced their stakes in LUNR. Invesco Ltd. boosted its holdings in Intuitive Machines by 19.7% in the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after acquiring an additional 2,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Intuitive Machines by 43.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after buying an additional 7,528 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Intuitive Machines during the first quarter worth about $139,000. Creative Planning raised its position in shares of Intuitive Machines by 29.3% during the second quarter. Creative Planning now owns 30,407 shares of the company’s stock worth $331,000 after purchasing an additional 6,886 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Intuitive Machines by 15.3% during the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock worth $205,000 after purchasing an additional 2,506 shares during the period. Institutional investors own 72.21% of the company’s stock.

Analyst Upgrades and Downgrades

LUNR has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Tuesday, April 21st. Cantor Fitzgerald lifted their target price on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. KeyCorp lifted their target price on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Canaccord Genuity Group lifted their price objective on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Check Out Our Latest Stock Report on LUNR

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $29.74 on Tuesday. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The stock has a fifty day moving average of $29.11 and a 200-day moving average of $20.79. The stock has a market capitalization of $6.45 billion, a P/E ratio of -33.80 and a beta of 1.68.

Intuitive Machines (NASDAQ:LUNRGet Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. On average, research analysts forecast that Intuitive Machines, Inc. will post -0.35 earnings per share for the current year.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, SVP Timothy Price Crain II sold 8,447 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $199,433.67. Following the sale, the senior vice president owned 351,279 shares in the company, valued at approximately $8,293,697.19. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director William John Liquori, Jr. sold 18,321 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the sale, the director owned 68,875 shares in the company, valued at $2,057,296.25. This trade represents a 21.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,208,436 shares of company stock worth $30,867,376. 54.10% of the stock is currently owned by insiders.

Intuitive Machines Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Intuitive Machines (NASDAQ:LUNR)

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