Charles Schwab Investment Management Inc. Has $836,000 Stock Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Charles Schwab Investment Management Inc. increased its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 44.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,791 shares of the company’s stock after buying an additional 32,015 shares during the period. Charles Schwab Investment Management Inc. owned 0.08% of Intuitive Machines worth $836,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Intuitive Machines in the second quarter worth about $272,000. Rhumbline Advisers bought a new position in Intuitive Machines in the 2nd quarter worth approximately $119,000. Wedbush Securities Inc. acquired a new position in Intuitive Machines during the 2nd quarter worth $35,000. XTX Topco Ltd acquired a new position in Intuitive Machines during the 2nd quarter worth $164,000. Finally, Squarepoint Ops LLC bought a new position in Intuitive Machines in the 2nd quarter valued at $536,000. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LUNR. Benchmark upped their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. B. Riley boosted their price objective on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Canaccord Genuity Group reduced their target price on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating on the stock in a research note on Friday, December 6th. Cantor Fitzgerald boosted their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Roth Mkm restated a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a report on Wednesday, September 18th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $14.10.

Intuitive Machines Trading Down 5.3 %

Shares of LUNR opened at $13.15 on Thursday. The stock has a market cap of $1.85 billion, a P/E ratio of -4.47 and a beta of 0.93. Intuitive Machines, Inc. has a 1 year low of $2.09 and a 1 year high of $17.14. The stock’s 50-day moving average price is $10.80 and its two-hundred day moving average price is $6.98.

Insider Activity at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 400,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total value of $4,840,000.00. Following the completion of the transaction, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $4,390,001. The trade was a 52.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 125,991 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $7.43, for a total transaction of $936,113.13. Following the sale, the director now owns 3,494,768 shares in the company, valued at approximately $25,966,126.24. The trade was a 3.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,708,767 shares of company stock worth $26,822,249 in the last ninety days. Company insiders own 73.68% of the company’s stock.

About Intuitive Machines

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.