Entropy Technologies LP Acquires New Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Entropy Technologies LP bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 49,297 shares of the company's stock, valued at approximately $895,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LUNR. Geode Capital Management LLC lifted its position in Intuitive Machines by 31.2% in the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock valued at $7,514,000 after acquiring an additional 222,136 shares in the last quarter. Stifel Financial Corp bought a new stake in Intuitive Machines during the 3rd quarter worth about $525,000. FORA Capital LLC acquired a new position in shares of Intuitive Machines during the 3rd quarter worth about $458,000. Harbour Capital Advisors LLC acquired a new position in shares of Intuitive Machines during the 4th quarter worth about $904,000. Finally, Connective Portfolio Management LLC acquired a new position in shares of Intuitive Machines during the 4th quarter worth about $872,000. 72.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuitive Machines

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on LUNR shares. Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Bank of America initiated coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 target price on the stock. Benchmark upped their price target on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Canaccord Genuity Group increased their price objective on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.83.

Intuitive Machines Stock Up 2.4 %

NASDAQ LUNR traded up $0.46 on Friday, hitting $19.62. The company's stock had a trading volume of 10,390,662 shares, compared to its average volume of 13,650,536. Intuitive Machines, Inc. has a 1-year low of $3.15 and a 1-year high of $24.95. The company's 50-day moving average is $18.02 and its 200 day moving average is $11.30. The firm has a market cap of $2.75 billion, a PE ratio of -6.67 and a beta of 0.92.

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.