Bank of America Corp DE Grows Stock Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Bank of America Corp DE raised its position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 209.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 57,192 shares of the company's stock after buying an additional 38,684 shares during the quarter. Bank of America Corp DE's holdings in Intuitive Machines were worth $1,039,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Invesco Ltd. increased its stake in shares of Intuitive Machines by 8.3% during the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after acquiring an additional 1,026 shares during the period. Quarry LP acquired a new stake in Intuitive Machines in the fourth quarter valued at about $44,000. Bank of New York Mellon Corp boosted its holdings in Intuitive Machines by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 70,740 shares of the company's stock valued at $1,285,000 after purchasing an additional 2,499 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position 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 during the period. Finally, Jones Financial Companies Lllp increased its position in Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock worth $70,000 after purchasing an additional 3,381 shares during the period. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $12.04, for a total transaction of $484,658.16. Following the completion of the sale, the director now owns 3,494,768 shares in the company, valued at approximately $42,077,006.72. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $866,016.00. Following the completion of the transaction, the chief financial officer now directly owns 366,824 shares of the company's stock, valued at $4,401,888. The trade was a 16.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold 311,344 shares of company stock worth $3,591,223 in the last ninety days. Insiders own 73.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Benchmark restated a "buy" rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Tuesday, March 25th. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Cantor Fitzgerald upped their price target on shares of Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a report on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price target for the company. Finally, Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Intuitive Machines has an average rating of "Moderate Buy" and a consensus target price of $16.06.

Intuitive Machines Trading Down 4.9%

Shares of NASDAQ:LUNR traded down $0.58 during midday trading on Tuesday, hitting $11.21. 6,346,942 shares of the stock were exchanged, compared to its average volume of 12,772,747. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The company has a 50 day moving average price of $9.53 and a 200-day moving average price of $13.28. The stock has a market cap of $2.00 billion, a P/E ratio of -3.81 and a beta of 1.47.

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