D. E. Shaw & Co. Inc. Has $21.10 Million Stake in Intuitive Machines, Inc. (NASDAQ:LUNR)

D. E. Shaw & Co. Inc. boosted its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 3,991.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,161,981 shares of the company's stock after acquiring 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Intuitive Machines by 33.6% in the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock valued at $73,503,000 after acquiring an additional 1,017,706 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock valued at $22,170,000 after acquiring an additional 609,118 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Intuitive Machines in the fourth quarter valued at $9,133,000. Alyeska Investment Group L.P. acquired a new position in shares of Intuitive Machines during the fourth quarter worth about $8,654,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Intuitive Machines in the fourth quarter worth about $5,600,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on LUNR shares. Roth Mkm lowered their target price on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Canaccord Genuity Group upped their target price on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a report on Wednesday. Bank of America started coverage on Intuitive Machines in a report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 target price for the company. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a report on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.44.

Insider Buying and Selling

In other news, CFO Peter Mcgrath sold 72,168 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total transaction of $866,016.00. Following the completion of the sale, the chief financial officer now owns 366,824 shares in the company, valued at $4,401,888. The trade was a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business's 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 of the company's stock, valued at approximately $42,286,692.80. The trade was a 4.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 271,090 shares of company stock valued at $3,106,565 over the last three months. 73.68% of the stock is owned by corporate insiders.

Intuitive Machines Price Performance

LUNR stock remained flat at $11.83 on Thursday. The company had a trading volume of 9,962,308 shares, compared to its average volume of 12,396,201. Intuitive Machines, Inc. has a 1-year low of $3.15 and a 1-year high of $24.95. The company has a market capitalization of $2.11 billion, a P/E ratio of -4.02 and a beta of 1.32. The business has a 50 day simple moving average of $8.10 and a two-hundred day simple moving average of $13.06.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share (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. Research analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

About Intuitive Machines

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.