Intuitive Machines, Inc. $LUNR Stock: TD Waterhouse Canada Inc. Boosts Holdings

TD Waterhouse Canada Inc. grew its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 125.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 297,202 shares of the company’s stock after buying an additional 165,110 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Intuitive Machines were worth $4,175,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Nykredit A S acquired a new stake in shares of Intuitive Machines in the second quarter valued at $25,000. State of Wyoming purchased a new position in Intuitive Machines in the first quarter valued at $39,000. PNC Financial Services Group Inc. boosted its holdings in Intuitive Machines by 34.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock valued at $52,000 after purchasing an additional 712 shares during the period. JTC Employer Solutions Trustee Ltd purchased a new position in Intuitive Machines in the first quarter valued at $59,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Intuitive Machines during the 2nd quarter worth $88,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

LUNR has been the topic of several recent research reports. Canaccord Genuity Group cut their price target on Intuitive Machines from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, August 18th. Roth Capital set a $30.00 price target on Intuitive Machines in a research report on Thursday, August 13th. Stifel Nicolaus upgraded Intuitive Machines from a “hold” rating to a “buy” rating and decreased their price objective for the company from $32.00 to $26.00 in a research note on Friday, August 14th. B. Riley Financial decreased their price objective on Intuitive Machines from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Zacks Research downgraded Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Monday, October 12th. Seven analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.50.

Intuitive Machines Trading Down 1.9%

NASDAQ LUNR opened at $10.54 on Wednesday. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The firm has a 50 day moving average of $14.99 and a two-hundred day moving average of $20.83.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.20). The firm had revenue of $206.17 million for the quarter, compared to analyst estimates of $212.32 million. As a group, analysts predict that Intuitive Machines, Inc. will post -0.60 EPS for the current year.

Insider Activity

In related news, Director Kamal Ghaffarian sold 267,448 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $16.17, for a total transaction of $4,324,634.16. Following the completion of the transaction, the director owned 3,494,768 shares in the company, valued at approximately $56,510,398.56. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Vontur sold 3,050 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.13, for a total value of $49,196.50. Following the completion of the transaction, the insider directly owned 113,997 shares in the company, valued at $1,838,771.61. This trade represents a 2.61% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 12,201,528 shares of company stock worth $158,629,235. 54.10% of the stock is currently owned by company insiders.

Intuitive Machines Company Profile

Intuitive Machines, Inc is a space exploration and infrastructure company headquartered in Houston, Texas. The company develops and operates spacecraft, lunar landers, and related systems designed to support missions to the Moon and other destinations. Its offerings include lunar payload delivery, spacecraft and satellite components, communications and navigation services, and data products for government and commercial customers.

Intuitive Machines is a major participant in NASA’s Commercial Lunar Payload Services program, under which it delivers scientific and technology payloads to the lunar surface.