187,405 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Purchased by Van ECK Associates Corp

Van ECK Associates Corp acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 187,405 shares of the company’s stock, valued at approximately $3,403,000. Van ECK Associates Corp owned 0.13% of Intuitive Machines as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Waldron Private Wealth LLC purchased a new position in shares of Intuitive Machines during the 3rd quarter worth approximately $83,000. The Manufacturers Life Insurance Company acquired a new position in Intuitive Machines during the third quarter worth $85,000. SG Americas Securities LLC purchased a new position in Intuitive Machines in the third quarter worth $93,000. Creative Planning purchased a new stake in shares of Intuitive Machines during the 3rd quarter worth $105,000. Finally, LMR Partners LLP purchased a new stake in shares of Intuitive Machines during the 3rd quarter worth $110,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Trading Down 3.4 %

NASDAQ:LUNR opened at $19.58 on Thursday. The company has a market capitalization of $2.75 billion, a P/E ratio of -6.66 and a beta of 0.92. The firm has a 50-day moving average price of $18.47 and a two-hundred day moving average price of $11.74. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LUNR shares. Cantor Fitzgerald increased their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America began coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price for the company. Canaccord Genuity Group lifted their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Benchmark upped their price target on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.83.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $15.04, for a total value of $5,684,713.92. Following the completion of the transaction, the director now owns 3,494,768 shares of the company’s stock, valued at approximately $52,561,310.72. The trade was a 9.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven Vontur sold 9,266 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the transaction, the insider now owns 98,656 shares in the company, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 771,632 shares of company stock worth $12,947,078 over the last ninety days. 73.68% of the stock is currently owned by insiders.

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.