147,000 Shares in Intuitive Machines, Inc. (NASDAQ:LUNR) Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 147,000 shares of the company's stock, valued at approximately $1,095,000. Hussman Strategic Advisors Inc. owned 0.08% of Intuitive Machines as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Intuitive Machines by 3.7% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Intuitive Machines by 5.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 109,761 shares of the company's stock worth $1,993,000 after purchasing an additional 5,970 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Intuitive Machines in the fourth quarter worth $183,000. Commonwealth Equity Services LLC purchased a new position in Intuitive Machines in the fourth quarter worth $357,000. Finally, Intech Investment Management LLC purchased a new position in Intuitive Machines in the fourth quarter worth $318,000. Institutional investors and hedge funds own 72.21% of the company's stock.

Insider Buying and Selling at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 3,494,768 shares in the company, valued at $42,286,692.80. The trade was a 4.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 72,168 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total value of $866,016.00. Following the completion of the transaction, the chief financial officer owned 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 disclosure for this sale can be found here. Insiders have sold 353,946 shares of company stock worth $4,269,089 over the last quarter. 39.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LUNR. Bank of America decreased their price objective on Intuitive Machines from $16.00 to $10.50 and set an "underperform" rating on the stock in a research note on Wednesday. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Barclays began coverage on Intuitive Machines in a research note on Thursday, May 22nd. They set a "neutral" rating on the stock. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Finally, Benchmark restated a "buy" rating and issued a $16.00 target price on shares of Intuitive Machines in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Intuitive Machines currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.44.

Intuitive Machines Stock Performance

Shares of LUNR traded up $0.16 on Friday, reaching $12.41. The stock had a trading volume of 12,909,297 shares, compared to its average volume of 13,174,324. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -4.55 and a beta of 1.41. The company has a 50-day simple moving average of $11.12 and a 200-day simple moving average of $12.58. Intuitive Machines, Inc. has a 12-month low of $3.15 and a 12-month high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The business had revenue of $62.52 million during the quarter, compared to analyst estimates of $66.07 million. On average, analysts expect that Intuitive Machines, Inc. will post 0.73 EPS 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.