Mitsubishi UFJ Asset Management Co. Ltd. Invests $5.60 Million in Intuitive Machines, Inc. (NASDAQ:LUNR)

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 308,352 shares of the company's stock, valued at approximately $5,600,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.22% of Intuitive Machines at the end of the most recent reporting period.

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

Intuitive Machines Stock Down 8.9 %

NASDAQ:LUNR traded down $0.67 during mid-day trading on Friday, reaching $6.87. The company's stock had a trading volume of 9,644,531 shares, compared to its average volume of 11,840,343. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95. The stock has a fifty day moving average of $13.85 and a 200-day moving average of $13.03. The firm has a market capitalization of $964.18 million, a PE ratio of -2.34 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The business had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million. On average, analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now owns 104,272 shares in the company, valued at $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 73.68% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LUNR shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intuitive Machines in a research report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Canaccord Genuity Group dropped their price objective on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Cantor Fitzgerald decreased their target price on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, March 25th. Finally, Roth Capital set a $20.00 price target on shares of Intuitive Machines in a research note on Friday, March 7th. 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 company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.