Jones Financial Companies Lllp Grows Stock Position 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 boosted its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 4,835.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 189,074 shares of the company's stock after buying an additional 185,243 shares during the period. Jones Financial Companies Lllp owned approximately 0.11% of Intuitive Machines worth $1,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of LUNR. Rossby Financial LCC purchased a new stake in Intuitive Machines during the 1st quarter valued at $67,000. Sigma Planning Corp purchased a new stake in Intuitive Machines in the first quarter worth $78,000. Park Avenue Securities LLC purchased a new stake in Intuitive Machines in the first quarter worth $81,000. Philadelphia Trust Co. increased its stake in Intuitive Machines by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the company's stock worth $82,000 after purchasing an additional 1,000 shares during the period. Finally, IPG Investment Advisors LLC purchased a new stake in Intuitive Machines in the first quarter worth $89,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $8.78 on Friday. Intuitive Machines, Inc. has a 1-year low of $5.34 and a 1-year high of $24.95. The stock's 50-day moving average is $10.15 and its 200 day moving average is $9.86. The company has a market cap of $1.57 billion, a P/E ratio of -2.71 and a beta of 1.38.

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Zacks Research upgraded Intuitive Machines to a "strong sell" rating in a research note on Monday, August 11th. Canaccord Genuity Group reduced their target price on Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Barclays started coverage on Intuitive Machines in a research note on Thursday, May 22nd. They issued a "neutral" rating on the stock. Craig Hallum started coverage on Intuitive Machines in a research report on Tuesday, July 22nd. They set a "buy" rating and a $17.00 price target on the stock. Finally, UBS Group reissued a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Eight equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.10.

Insiders Place Their Bets

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 40,254 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $13.49, for a total value of $543,026.46. Following the completion of the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 161,016 shares of company stock valued at $1,997,001 over the last three months. 39.75% of the stock is currently owned by company insiders.

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.

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