Charles Schwab Investment Management Inc. Purchases 5,970 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Charles Schwab Investment Management Inc. boosted its position in Intuitive Machines, Inc. (NASDAQ:LUNR) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 109,761 shares of the company’s stock after purchasing an additional 5,970 shares during the period. Charles Schwab Investment Management Inc. owned about 0.08% of Intuitive Machines worth $1,993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its stake in shares of Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company’s stock worth $90,000 after buying an additional 3,300 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Intuitive Machines in the fourth quarter worth $2,361,000. Jones Financial Companies Lllp grew its stake in Intuitive Machines by 751.3% in the 4th 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 during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Intuitive Machines during the 4th quarter valued at $1,637,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company’s stock worth $1,285,000 after purchasing an additional 2,499 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $8.07 on Friday. The stock has a fifty day moving average of $15.28 and a 200-day moving average of $12.92. The stock has a market cap of $1.13 billion, a PE ratio of -2.74 and a beta of 1.01. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. On average, sell-side analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

LUNR has been the subject of several research reports. Bank of America started coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target for the company. Benchmark restated a “buy” rating and set a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a “hold” rating and a $18.00 price objective on the stock. Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald cut their price target on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, the insider now owns 104,272 shares of the company’s stock, valued at approximately $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 391,767 shares of company stock valued at $7,233,038. Company insiders own 73.68% of the company’s stock.

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.