Intech Investment Management LLC Sells 20,593 Shares of Intuitive Machines, Inc. $LUNR

Intech Investment Management LLC trimmed its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 36.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,669 shares of the company’s stock after selling 20,593 shares during the period. Intech Investment Management LLC’s holdings in Intuitive Machines were worth $579,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LUNR. Trustees of the University of Pennsylvania bought a new position in shares of Intuitive Machines in the 4th quarter valued at approximately $52,689,000. First Trust Advisors LP raised its stake in shares of Intuitive Machines by 3,582.9% in the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after acquiring an additional 2,386,688 shares in the last quarter. Jump Financial LLC raised its stake in shares of Intuitive Machines by 5,262.9% in the 3rd quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after acquiring an additional 1,314,888 shares in the last quarter. ARK Investment Management LLC raised its stake in shares of Intuitive Machines by 78.9% in the 3rd quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock valued at $21,810,000 after acquiring an additional 914,458 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in shares of Intuitive Machines by 177.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,429,791 shares of the company’s stock valued at $15,041,000 after acquiring an additional 913,650 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Intuitive Machines news, CEO Stephen J. Altemus sold 13,751 shares of Intuitive Machines stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $324,661.11. Following the transaction, the chief executive officer directly owned 1,162,495 shares of the company’s stock, valued at $27,446,506.95. The trade was a 1.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $17.55, for a total value of $2,632,500.00. Following the completion of the transaction, the senior vice president directly owned 359,726 shares in the company, valued at approximately $6,313,191.30. This represents a 29.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,208,436 shares of company stock worth $30,867,376. 54.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on LUNR. KeyCorp raised their price objective on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Roth Mkm raised their price objective on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 price objective on shares of Intuitive Machines in a research note on Wednesday, May 20th. Wall Street Zen raised Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, B. Riley Financial raised their price objective on Intuitive Machines to $45.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.50.

Intuitive Machines Stock Down 7.6%

Shares of NASDAQ LUNR opened at $27.47 on Wednesday. The business’s 50 day moving average is $29.31 and its two-hundred day moving average is $20.92. The company has a market cap of $5.96 billion, a P/E ratio of -31.22 and a beta of 1.68. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The business had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. Sell-side analysts expect that Intuitive Machines, Inc. will post -0.35 earnings per share for the current fiscal year.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.