Nations Financial Group Inc. IA ADV Invests $244,000 in Intuitive Machines, Inc. (NASDAQ:LUNR)

Nations Financial Group Inc. IA ADV bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,430 shares of the company's stock, valued at approximately $244,000.

Several other hedge funds also recently made changes to their positions in the company. Tealwood Asset Management Inc. grew its position in shares of Intuitive Machines by 4.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company's stock worth $380,000 after acquiring an additional 900 shares in the last quarter. Rhumbline Advisers boosted its position in 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 purchasing an additional 5,735 shares during the period. SG Americas Securities LLC boosted its position in Intuitive Machines by 55.7% during the 4th quarter. SG Americas Securities LLC now owns 18,046 shares of the company's stock valued at $328,000 after purchasing an additional 6,454 shares during the period. State Street Corp boosted its position in Intuitive Machines by 1.3% during the 3rd quarter. State Street Corp now owns 576,051 shares of the company's stock valued at $4,637,000 after purchasing an additional 7,538 shares during the period. Finally, Waldron Private Wealth LLC acquired a new position in Intuitive Machines during the 3rd quarter valued at approximately $83,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Intuitive Machines Stock Performance

NASDAQ:LUNR traded down $1.64 during trading hours on Friday, hitting $18.08. 12,796,172 shares of the company's stock traded hands, compared to its average volume of 13,694,622. The firm has a market cap of $2.54 billion, a P/E ratio of -6.15 and a beta of 0.92. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The stock's fifty day moving average price is $18.79 and its two-hundred day moving average price is $11.85.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the business's 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the business's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $18.35, for a total value of $6,935,804.55. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at $64,128,992.80. This trade represents a 9.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 771,632 shares of company stock valued at $12,947,078. Company insiders own 73.68% of the company's stock.

Wall Street Analyst Weigh In

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

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.