Charles Schwab Investment Management Inc. Purchases 32,015 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Charles Schwab Investment Management Inc. grew its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 44.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,791 shares of the company’s stock after acquiring an additional 32,015 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Intuitive Machines were worth $836,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. LMR Partners LLP bought a new stake in shares of Intuitive Machines in the third quarter worth $110,000. AlphaCentric Advisors LLC bought a new stake in Intuitive Machines during the 3rd quarter worth about $121,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Intuitive Machines during the 3rd quarter worth about $189,000. Waldron Private Wealth LLC bought a new position in shares of Intuitive Machines in the 3rd quarter valued at about $83,000. Finally, Creative Planning acquired a new stake in shares of Intuitive Machines in the third quarter valued at about $105,000. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $13.15 on Thursday. Intuitive Machines, Inc. has a 52-week low of $2.09 and a 52-week high of $17.14. The stock has a market cap of $1.85 billion, a PE ratio of -4.47 and a beta of 0.93. The firm has a 50-day moving average of $10.80 and a 200-day moving average of $6.98.

Analysts Set New Price Targets

Several brokerages recently commented on LUNR. B. Riley increased their price target on Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Cantor Fitzgerald increased their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Benchmark boosted their target price on shares of Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report 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 on the stock in a research report on Friday, December 6th. Finally, Roth Mkm reissued a “buy” rating and issued a $10.00 price objective on shares of Intuitive Machines in a research report on Wednesday, September 18th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $14.10.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $15.04, for a total transaction of $5,684,713.92. Following the transaction, the director now owns 3,494,768 shares in the company, valued at $52,561,310.72. This trade represents a 9.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen J. Altemus sold 138,568 shares of Intuitive Machines stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $11.10, for a total value of $1,538,104.80. Following the sale, the chief executive officer now directly owns 910,919 shares of the company’s stock, valued at $10,111,200.90. This represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,708,767 shares of company stock valued at $26,822,249 in the last three months. 73.68% of the stock is currently owned by company insiders.

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.