Y Intercept Hong Kong Ltd Acquires New Stake in Intuitive Machines, Inc. (NASDAQ:LUNR)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,563 shares of the company's stock, valued at approximately $355,000.

Several other large investors have also recently made changes to their positions in the business. Thompson Davis & CO. Inc. bought a new position in shares of Intuitive Machines during the 4th quarter valued at $495,000. AlphaCentric Advisors LLC grew its stake in shares of Intuitive Machines by 66.7% during the fourth quarter. AlphaCentric Advisors LLC now owns 25,000 shares of the company's stock valued at $454,000 after buying an additional 10,000 shares during the last quarter. Nations Financial Group Inc. IA ADV purchased a new position in shares of Intuitive Machines in the fourth quarter worth about $244,000. Rhumbline Advisers increased its holdings in shares of Intuitive Machines by 15.1% in the fourth quarter. Rhumbline Advisers now owns 43,648 shares of the company's stock worth $793,000 after buying an additional 5,735 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of Intuitive Machines in the 4th quarter valued at about $3,403,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the completion of the transaction, the insider now owns 104,272 shares of the company's stock, valued at approximately $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 393,659 shares of company stock worth $7,262,364 over the last 90 days. 73.68% of the stock is owned by company insiders.

Intuitive Machines Price Performance

Intuitive Machines stock traded up $0.64 during mid-day trading on Wednesday, reaching $14.11. 10,132,238 shares of the company traded hands, compared to its average volume of 13,672,434. Intuitive Machines, Inc. has a 52-week low of $3.15 and a 52-week high of $24.95. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -4.80 and a beta of 1.01. The firm's 50 day moving average price is $19.01 and its 200 day moving average price is $12.64.

Analyst Upgrades and Downgrades

LUNR has been the topic of several recent research reports. Benchmark raised 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. Cantor Fitzgerald lifted their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Canaccord Genuity Group upped their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price target on the stock. Finally, Bank of America initiated coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Intuitive Machines currently has a consensus rating of "Moderate Buy" and an average target price of $16.14.

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.