Jones Financial Companies Lllp Raises Holdings in Intuitive Machines, Inc. $LUNR

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Intuitive Machines, Inc. by 4,835.4% during the first quarter, owning approximately 189,074 shares valued at $1.41 million.
• Intuitive Machines reported a quarterly earnings miss with an EPS of ($0.11), falling short of analyst estimates by $0.05, and revenue of $50.31 million against an expected $69.19 million.
• Currently, 72.21% of Intuitive Machines' stock is held by institutional investors, with insiders owning 39.75% of the shares, indicating significant organizational confidence in the company.

Jones Financial Companies Lllp grew its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 4,835.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,074 shares of the company's stock after purchasing an additional 185,243 shares during the period. Jones Financial Companies Lllp owned approximately 0.11% of Intuitive Machines worth $1,409,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LUNR. Price T Rowe Associates Inc. MD acquired a new position in Intuitive Machines during the fourth quarter worth $217,000. Northern Trust Corp lifted its stake in Intuitive Machines by 24.5% during the fourth quarter. Northern Trust Corp now owns 338,836 shares of the company's stock worth $6,153,000 after purchasing an additional 66,581 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Intuitive Machines during the fourth quarter worth $1,818,000. Bank of America Corp DE lifted its stake in Intuitive Machines by 209.0% during the fourth quarter. Bank of America Corp DE now owns 57,192 shares of the company's stock worth $1,039,000 after purchasing an additional 38,684 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Intuitive Machines during the fourth quarter worth $228,000. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Bank of America cut their price objective on Intuitive Machines from $10.50 to $8.50 and set an "underperform" rating on the stock in a research report on Monday, August 25th. Barclays assumed coverage on Intuitive Machines in a research report on Thursday, May 22nd. They set a "neutral" rating on the stock. Craig Hallum assumed coverage on Intuitive Machines in a research report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price objective on the stock. Canaccord Genuity Group cut their price objective on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Finally, Zacks Research raised Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.10.

Insider Activity

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the firm's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $12.05, for a total transaction of $970,121.40. Following the transaction, the director owned 3,494,768 shares of the company's stock, valued at approximately $42,111,954.40. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 161,016 shares of company stock worth $1,997,001 over the last 90 days. Company insiders own 39.75% of the company's stock.

Intuitive Machines Trading Up 3.2%

NASDAQ:LUNR traded up $0.30 during trading hours on Thursday, hitting $9.58. The company's stock had a trading volume of 7,790,618 shares, compared to its average volume of 4,902,376. The stock has a market capitalization of $1.71 billion, a P/E ratio of -2.96 and a beta of 1.38. The stock has a fifty day moving average of $10.03 and a 200-day moving average of $9.71. Intuitive Machines, Inc. has a 52-week low of $6.14 and a 52-week high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $50.31 million during the quarter, compared to analysts' expectations of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Intuitive Machines, Inc. will post 0.73 earnings per share for the current 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.