D. E. Shaw & Co. Inc. Boosts Stock Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

D. E. Shaw & Co. Inc. increased its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 3,991.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,161,981 shares of the company's stock after buying an additional 1,133,581 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.83% of Intuitive Machines worth $21,102,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in LUNR. Tealwood Asset Management Inc. increased its holdings in 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 in the last quarter. Invesco Ltd. increased its holdings in Intuitive Machines by 8.3% during the 4th quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after purchasing an additional 1,026 shares in the last quarter. Quarry LP bought a new stake in Intuitive Machines during the 4th quarter worth approximately $44,000. Bank of New York Mellon Corp increased its holdings in Intuitive Machines by 3.7% during the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock worth $1,285,000 after purchasing an additional 2,499 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock worth $90,000 after purchasing an additional 3,300 shares in the last quarter. 72.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LUNR. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Roth Mkm decreased their price objective on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Benchmark reissued a "buy" rating and set a $16.00 price objective on shares of Intuitive Machines in a report on Tuesday, March 25th. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $16.44.

Insider Activity at Intuitive Machines

In related news, CFO Peter Mcgrath sold 37,906 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $3,384,628.32. This represents 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, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total value of $1,948,293.60. Following the sale, the director now owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. This represents a 4.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,090 shares of company stock worth $3,106,565. Insiders own 73.68% of the company's stock.

Intuitive Machines Trading Up 4.5%

Shares of LUNR stock traded up $0.53 during trading on Friday, hitting $12.36. The company's stock had a trading volume of 9,171,451 shares, compared to its average volume of 12,509,865. The company has a market cap of $2.20 billion, a PE ratio of -4.20 and a beta of 1.32. The business has a fifty day moving average of $8.32 and a 200-day moving average of $13.15. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The company had revenue of $62.52 million during the quarter, compared to analyst estimates of $66.07 million. As a group, research analysts predict that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

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.