CastleKnight Management LP Has $612,000 Stake in Intuitive Machines, Inc. (NASDAQ:LUNR)

CastleKnight Management LP cut its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 54.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,700 shares of the company's stock after selling 40,200 shares during the quarter. CastleKnight Management LP's holdings in Intuitive Machines were worth $612,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in Intuitive Machines during the fourth quarter worth $44,000. Jones Financial Companies Lllp lifted its stake in shares of Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after purchasing an additional 3,381 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after purchasing an additional 3,300 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Intuitive Machines during the fourth quarter worth approximately $91,000. Finally, Victory Capital Management Inc. bought a new stake in Intuitive Machines in the fourth quarter worth approximately $183,000. 72.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. B. Riley restated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Benchmark reaffirmed a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. Bank of America began coverage on shares of Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price objective on the stock. Roth Capital set a $20.00 target price on Intuitive Machines in a research report on Friday, March 7th. Finally, Cantor Fitzgerald dropped their price target on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Intuitive Machines presently has an average rating of "Moderate Buy" and an average price target of $16.00.

Intuitive Machines Stock Performance

Shares of NASDAQ LUNR opened at $8.95 on Wednesday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -3.04 and a beta of 1.32. 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 simple moving average is $8.41 and its 200 day simple moving average is $13.01.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. The company had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million. On average, sell-side analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insiders Place Their Bets

In other Intuitive Machines news, CFO Peter Mcgrath sold 37,906 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the transaction, the chief financial officer now owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. The trade was a 7.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven Vontur sold 4,528 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now directly owns 104,272 shares of the company's stock, valued at approximately $2,043,731.20. This represents a 4.16 % 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.

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.

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