The Manufacturers Life Insurance Company Purchases Shares of 10,528 Intuitive Machines, Inc. (NASDAQ:LUNR)

The Manufacturers Life Insurance Company acquired a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,528 shares of the company’s stock, valued at approximately $85,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Waldron Private Wealth LLC purchased a new stake in Intuitive Machines during the third quarter valued at approximately $83,000. Wedbush Securities Inc. purchased a new stake in shares of Intuitive Machines in the 2nd quarter worth $35,000. SG Americas Securities LLC bought a new position in Intuitive Machines in the 3rd quarter worth $93,000. Creative Planning bought a new position in Intuitive Machines in the 3rd quarter worth $105,000. Finally, LMR Partners LLP purchased a new position in Intuitive Machines during the third quarter valued at $110,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 1,007,928 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $8.31, for a total value of $8,375,881.68. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $29,041,522.08. The trade was a 22.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Blitzer sold 662,673 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $8.19, for a total value of $5,427,291.87. Following the transaction, the director now directly owns 1,062,865 shares of the company’s stock, valued at approximately $8,704,864.35. The trade was a 38.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,921,440 shares of company stock worth $36,971,041 over the last quarter. Insiders own 73.68% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on LUNR shares. B. Riley upped their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Roth Mkm reissued a “buy” rating and issued a $10.00 target price on shares of Intuitive Machines in a report on Wednesday, September 18th. Cantor Fitzgerald raised 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 dropped their price target on shares of Intuitive Machines from $19.00 to $17.50 and set a “buy” rating for the company in a research report on Friday, December 6th. Finally, Benchmark raised their price objective on shares of Intuitive Machines from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $14.10.

Intuitive Machines Trading Up 10.7 %

Shares of LUNR opened at $12.93 on Tuesday. Intuitive Machines, Inc. has a 12-month low of $2.09 and a 12-month high of $17.14. The business’s 50 day moving average is $10.55 and its 200 day moving average is $6.88. The company has a market capitalization of $1.81 billion, a PE ratio of -4.40 and a beta of 0.93.

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.