SG Americas Securities LLC Acquires Shares of 11,592 Intuitive Machines, Inc. (NASDAQ:LUNR)

SG Americas Securities LLC bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 11,592 shares of the company’s stock, valued at approximately $93,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Intuitive Machines by 250.0% during the first quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after acquiring an additional 429,531 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Intuitive Machines during the 2nd quarter worth about $536,000. Bank of New York Mellon Corp bought a new position in Intuitive Machines during the 2nd quarter valued at about $272,000. Sanders Morris Harris LLC raised its position in Intuitive Machines by 264.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 69,700 shares of the company’s stock worth $230,000 after purchasing an additional 50,600 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Intuitive Machines in the 2nd quarter worth about $164,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Stock Up 2.9 %

Shares of NASDAQ:LUNR opened at $8.22 on Tuesday. The business’s 50 day moving average is $6.84 and its 200 day moving average is $5.31. The stock has a market cap of $1.06 billion, a P/E ratio of -10.02 and a beta of 0.34. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The firm had revenue of $41.41 million for the quarter, compared to the consensus estimate of $43.00 million. On average, sell-side analysts anticipate that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Timothy Price Crain II sold 74,423 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $3.93, for a total value of $292,482.39. Following the completion of the sale, the senior vice president now owns 362,810 shares in the company, valued at approximately $1,425,843.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Steven Vontur sold 10,274 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total transaction of $57,328.92. Following the sale, the chief financial officer now owns 117,500 shares of the company’s stock, valued at $655,650. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Timothy Price Crain II sold 74,423 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $3.93, for a total transaction of $292,482.39. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $1,425,843.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,111,589 shares of company stock worth $30,409,186 in the last three months. Corporate insiders own 73.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LUNR shares. B. Riley upped their target price on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Monday, September 30th. Roth Mkm reissued a “buy” rating and set a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Finally, Benchmark restated a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a report on Wednesday, September 18th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines presently has an average rating of “Buy” and an average target price of $10.60.

Intuitive Machines Company 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.