Steward Partners Investment Advisory LLC Has $90,000 Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Steward Partners Investment Advisory LLC boosted its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 201.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,937 shares of the company’s stock after purchasing an additional 3,300 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Intuitive Machines were worth $90,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in Intuitive Machines by 751.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock valued at $70,000 after purchasing an additional 3,381 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Intuitive Machines during the third quarter valued at approximately $85,000. LMR Partners LLP purchased a new position in Intuitive Machines during the third quarter valued at approximately $110,000. Savoie Capital LLC purchased a new position in Intuitive Machines during the third quarter valued at approximately $112,000. Finally, MetLife Investment Management LLC purchased a new position in Intuitive Machines during the third quarter valued at approximately $138,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $7.91 on Tuesday. The stock has a market cap of $1.11 billion, a P/E ratio of -2.69 and a beta of 1.01. Intuitive Machines, Inc. has a one year low of $3.15 and a one year high of $24.95. The company has a fifty day moving average price of $17.15 and a 200 day moving average price of $12.85.

Insider Activity at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This represents a 9.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven Vontur sold 9,266 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the sale, the insider now directly owns 98,656 shares in the company, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 392,713 shares of company stock worth $7,250,066 in the last ninety days. 73.68% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LUNR has been the subject of several recent research reports. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research report on Friday, March 7th. Roth Mkm decreased their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Canaccord Genuity Group decreased their target price on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Bank of America initiated coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.38.

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.