Headlands Technologies LLC Boosts Stake in Intuitive Machines, Inc. (NASDAQ:LUNR)

Headlands Technologies LLC raised its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 161,529.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 244,061 shares of the company's stock after purchasing an additional 243,910 shares during the quarter. Headlands Technologies LLC owned 0.17% of Intuitive Machines worth $4,432,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Intuitive Machines by 44.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company's stock valued at $836,000 after purchasing an additional 32,015 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Intuitive Machines in the third quarter valued at approximately $85,000. MetLife Investment Management LLC purchased a new stake in shares of Intuitive Machines in the third quarter valued at approximately $138,000. Stifel Financial Corp acquired a new position in Intuitive Machines during the third quarter worth $525,000. Finally, State Street Corp raised its position in Intuitive Machines by 1.3% in the third quarter. State Street Corp now owns 576,051 shares of the company's stock worth $4,637,000 after acquiring an additional 7,538 shares in the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Intuitive Machines Stock Down 8.9 %

Shares of LUNR traded down $0.67 during mid-day trading on Friday, reaching $6.87. 9,644,531 shares of the company's stock were exchanged, compared to its average volume of 11,840,343. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The company has a 50-day simple moving average of $13.85 and a two-hundred day simple moving average of $13.03. The company has a market cap of $964.18 million, a price-to-earnings ratio of -2.34 and a beta of 1.33.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on LUNR. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Bank of America started 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. Roth Mkm reduced their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 11th. Canaccord Genuity Group decreased their price target on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Insider Activity at Intuitive Machines

In related news, insider Steven Vontur sold 4,528 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the transaction, the insider now directly owns 104,272 shares in the company, valued at approximately $2,043,731.20. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 73.68% of the company's stock.

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.