Rhumbline Advisers Purchases New Shares in Intuitive Machines, Inc. (NASDAQ:LUNR)

Rhumbline Advisers acquired a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 35,974 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Intuitive Machines by 250.0% during the 1st quarter. Vanguard Group Inc. now owns 601,354 shares of the company’s stock valued at $3,758,000 after buying an additional 429,531 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Intuitive Machines in the 2nd quarter valued at approximately $272,000. Sanders Morris Harris LLC purchased a new position in shares of Intuitive Machines in the 1st quarter worth approximately $119,000. Inscription Capital LLC bought a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $304,000. Finally, Tealwood Asset Management Inc. bought a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $131,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Stephen J. Altemus sold 203,018 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total transaction of $919,671.54. Following the transaction, the chief executive officer now owns 910,919 shares of the company’s stock, valued at $4,126,463.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $8.31, for a total transaction of $8,375,881.68. Following the completion of the transaction, the director now owns 3,494,768 shares in the company, valued at approximately $29,041,522.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen J. Altemus sold 203,018 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $4.53, for a total transaction of $919,671.54. Following the completion of the transaction, the chief executive officer now directly owns 910,919 shares in the company, valued at approximately $4,126,463.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,997,755 shares of company stock valued at $28,250,647. Insiders own 73.68% of the company’s stock.

Intuitive Machines Trading Down 8.3 %

LUNR opened at $8.05 on Tuesday. The firm has a 50 day moving average of $5.27 and a two-hundred day moving average of $5.04. The firm has a market capitalization of $1.00 billion, a PE ratio of 19.63 and a beta of 0.26. Intuitive Machines, Inc. has a 12-month low of $2.09 and a 12-month high of $13.25.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.09. The company had revenue of $41.41 million during the quarter, compared to analyst estimates of $43.00 million. As a group, analysts predict that Intuitive Machines, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LUNR has been the topic of several recent analyst reports. B. Riley increased their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a research note on Wednesday, September 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Intuitive Machines in a research report on Monday. Finally, Roth Mkm reissued a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Intuitive Machines currently has a consensus rating of “Buy” and an average price target of $10.60.

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.