Intuitive Machines, Inc. (NASDAQ:LUNR) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 155.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,215 shares of the company's stock after purchasing an additional 57,892 shares during the quarter. Barclays PLC owned approximately 0.07% of Intuitive Machines worth $1,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of Intuitive Machines by 31.2% in the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock valued at $7,514,000 after purchasing an additional 222,136 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $904,000. Tealwood Asset Management Inc. lifted its position in shares of Intuitive Machines by 4.5% during the 4th quarter. Tealwood Asset Management Inc. now owns 20,900 shares of the company's stock worth $380,000 after purchasing an additional 900 shares during the last quarter. Connective Portfolio Management LLC acquired a new position in shares of Intuitive Machines during the 4th quarter worth about $872,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Intuitive Machines by 144.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 57,463 shares of the company's stock valued at $1,044,000 after purchasing an additional 33,939 shares during the last quarter. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insider Activity

In related news, insider Steven Vontur sold 4,528 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the completion of the sale, the insider now directly owns 104,272 shares of the company's stock, valued at $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter Mcgrath sold 37,906 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the transaction, the chief financial officer now owns 438,992 shares in the company, valued at approximately $3,384,628.32. The trade was a 7.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 73.68% of the company's stock.

Analyst Upgrades and Downgrades

LUNR has been the topic of a number of research analyst reports. B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Bank of America began coverage on shares of Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 target price on the stock. Canaccord Genuity Group reduced their target price on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Roth Capital set a $20.00 price objective on Intuitive Machines in a research note on Friday, March 7th. Finally, Benchmark reissued a "buy" rating and issued a $16.00 price objective on shares of Intuitive Machines in a research note on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $16.00.

Intuitive Machines Stock Up 1.9 %

Shares of LUNR stock traded up $0.17 during mid-day trading on Thursday, hitting $9.10. 1,149,812 shares of the company's stock were exchanged, compared to its average volume of 12,327,875. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -3.10 and a beta of 1.32. The stock has a 50-day simple moving average of $8.29 and a two-hundred day simple moving average of $12.99. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to analysts' expectations of $72.58 million. As a group, analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

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.