Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Intuitive Machines, Inc. (NASDAQ:LUNR) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,740 shares of the company’s stock after acquiring an additional 2,499 shares during the period. Bank of New York Mellon Corp’s holdings in Intuitive Machines were worth $1,285,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new position in shares of Intuitive Machines in the 3rd quarter valued at about $85,000. Savoie Capital LLC purchased a new position in shares of Intuitive Machines in the 3rd quarter valued at about $112,000. MetLife Investment Management LLC purchased a new position in Intuitive Machines during the 3rd quarter valued at about $138,000. Nations Financial Group Inc. IA ADV purchased a new position in Intuitive Machines during the 4th quarter valued at about $244,000. Finally, Barclays PLC increased its holdings in Intuitive Machines by 275.2% during the 3rd quarter. Barclays PLC now owns 37,323 shares of the company’s stock valued at $300,000 after acquiring an additional 27,376 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Stock Down 0.3 %

Shares of LUNR stock opened at $7.09 on Monday. The stock has a market cap of $995.06 million, a price-to-earnings ratio of -2.41 and a beta of 1.01. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The firm’s 50 day moving average price is $16.22 and its two-hundred day moving average price is $12.90.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They set a “hold” rating and a $18.00 target price for the company. Bank of America assumed coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 target price for the company. Roth Capital set a $20.00 target price on shares of Intuitive Machines in a report on Friday, March 7th. Roth Mkm lowered their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Finally, Canaccord Genuity Group lowered their price target on shares of Intuitive Machines from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.38.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of Intuitive Machines stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.35, for a total transaction of $6,935,804.55. Following the transaction, the director now directly owns 3,494,768 shares of the company’s stock, valued at $64,128,992.80. The trade was a 9.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steven Vontur sold 4,528 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total transaction of $88,748.80. Following the sale, the insider now owns 104,272 shares in the company, valued at $2,043,731.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 392,713 shares of company stock valued at $7,250,066 over the last ninety days. Corporate insiders own 73.68% of the company’s stock.

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.