Rhumbline Advisers Acquires 5,735 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Rhumbline Advisers increased its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 15.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 43,648 shares of the company’s stock after purchasing an additional 5,735 shares during the period. Rhumbline Advisers’ holdings in Intuitive Machines were worth $793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after buying an additional 222,136 shares during the last quarter. State Street Corp raised its stake in Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after purchasing an additional 7,538 shares during the last quarter. Van ECK Associates Corp bought a new stake in Intuitive Machines in the 4th quarter valued at $3,403,000. Penserra Capital Management LLC grew its position in Intuitive Machines by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company’s stock worth $1,190,000 after purchasing an additional 20,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Intuitive Machines by 44.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company’s stock worth $836,000 after purchasing an additional 32,015 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Stock Performance

LUNR opened at $11.26 on Friday. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -3.83 and a beta of 1.01. The firm’s 50-day simple moving average is $18.86 and its 200-day simple moving average is $12.63.

Insiders Place Their Bets

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the transaction, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 393,659 shares of company stock valued at $7,262,364. 73.68% of the stock is currently owned by insiders.

Analyst Ratings Changes

LUNR has been the subject of several recent research reports. Benchmark upped their price target on Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 15th. Canaccord Genuity Group raised their target price on Intuitive Machines from $17.50 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Cantor Fitzgerald boosted 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 price objective for the company. Finally, Bank of America began coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.14.

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.