49,765 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Acquired by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC acquired a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 49,765 shares of the company's stock, valued at approximately $904,000.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in 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 acquiring an additional 222,136 shares in the last quarter. State Street Corp increased its stake in shares of Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company's stock worth $4,637,000 after purchasing an additional 7,538 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Intuitive Machines in the 2nd quarter valued at about $536,000. Penserra Capital Management LLC lifted its stake in Intuitive Machines by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 147,857 shares of the company's stock valued at $1,190,000 after purchasing an additional 20,916 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Intuitive Machines by 44.6% during the third 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 own 72.21% of the company's stock.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, CEO Stephen J. Altemus sold 61,432 shares of Intuitive Machines stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.00, for a total value of $675,752.00. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares of the company's stock, valued at $10,020,109. The trade was a 6.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,954,713 shares of company stock worth $24,475,385. Corporate insiders own 73.68% of the company's stock.

Intuitive Machines Price Performance

NASDAQ LUNR traded down $0.96 on Monday, reaching $16.91. The stock had a trading volume of 10,828,954 shares, compared to its average volume of 16,169,553. The company has a market cap of $2.37 billion, a P/E ratio of -5.75 and a beta of 0.90. The firm has a fifty day moving average of $14.36 and a two-hundred day moving average of $8.76. Intuitive Machines, Inc. has a 1-year low of $2.48 and a 1-year high of $22.32.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LUNR shares. B. Riley upped their price objective on Intuitive Machines from $8.00 to $12.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Canaccord Genuity Group increased their price target on Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Roth Mkm reaffirmed a "buy" rating and set a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $10.00 to $15.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, Benchmark raised their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Intuitive Machines has an average rating of "Buy" and an average price target of $15.80.

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.