Geode Capital Management LLC Raises Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Geode Capital Management LLC grew its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,125,005 shares of the company's stock after purchasing an additional 191,733 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of Intuitive Machines worth $20,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of LUNR. Tealwood Asset Management Inc. grew its stake in Intuitive Machines by 4.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company's stock valued at $380,000 after acquiring an additional 900 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Intuitive Machines by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock valued at $1,285,000 after buying an additional 2,499 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Intuitive Machines by 201.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after buying an additional 3,300 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after acquiring an additional 3,381 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Intuitive Machines by 15.1% during the 4th quarter. Rhumbline Advisers now owns 43,648 shares of the company's stock valued at $793,000 after acquiring an additional 5,735 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Intuitive Machines Trading Down 5.5 %

LUNR traded down $0.41 during trading hours on Monday, hitting $7.04. 5,460,617 shares of the company's stock were exchanged, compared to its average volume of 12,034,208. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95. The firm has a market cap of $1.26 billion, a P/E ratio of -2.39 and a beta of 1.33. The firm has a 50 day moving average of $10.76 and a 200 day moving average of $13.00.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. The company had revenue of $54.66 million during the quarter, compared to analysts' expectations of $72.58 million. As a group, research analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity at Intuitive Machines

In other news, insider Steven Vontur sold 9,266 shares of Intuitive Machines stock in a transaction on 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 sale, the insider now directly owns 98,656 shares of the company's stock, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total value of $292,255.26. Following the completion of the transaction, the chief financial officer now directly owns 438,992 shares in the company, valued at $3,384,628.32. This trade represents a 7.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,700 shares of company stock valued at $589,489 over the last 90 days. 73.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LUNR has been the topic of a number of analyst reports. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research note on Friday, March 7th. Bank of America assumed coverage on Intuitive Machines in a research report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price on the stock. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Roth Mkm decreased their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.00.

Intuitive Machines 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.