Jones Financial Companies Lllp Purchases 3,381 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Jones Financial Companies Lllp lifted its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 751.3% in the 4th quarter, Holdings Channel reports. The fund owned 3,831 shares of the company’s stock after buying an additional 3,381 shares during the quarter. Jones Financial Companies Lllp’s holdings in Intuitive Machines were worth $70,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Intuitive Machines in the 3rd quarter valued at about $85,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Intuitive Machines during the 4th quarter valued at about $244,000. LMR Partners LLP purchased a new position in shares of Intuitive Machines during the 3rd quarter valued at about $110,000. Savoie Capital LLC purchased a new position in shares of Intuitive Machines during the 3rd quarter valued at about $112,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Intuitive Machines during the 3rd quarter valued at about $138,000. Institutional investors own 72.21% of the company’s stock.

Intuitive Machines Trading Up 8.2 %

Shares of NASDAQ:LUNR opened at $7.91 on Tuesday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -2.69 and a beta of 1.01. The company has a 50-day moving average price of $17.15 and a 200-day moving average price of $12.85. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the 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 directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. This represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Vontur sold 9,266 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $22.50, for a total transaction of $208,485.00. Following the completion of the transaction, the insider now directly owns 98,656 shares of the company’s stock, valued at approximately $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 392,713 shares of company stock valued at $7,250,066. Insiders own 73.68% of the company’s stock.

Wall Street Analysts Forecast Growth

LUNR has been the topic of a number of research reports. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Roth Mkm decreased their price objective on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 11th. Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday, March 7th. Bank of America started coverage on Intuitive Machines in a research report on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a “hold” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

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.