Millennium Management LLC Trims Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Millennium Management LLC trimmed its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 92.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,625 shares of the company's stock after selling 1,255,870 shares during the quarter. Millennium Management LLC owned 0.07% of Intuitive Machines worth $1,827,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LUNR. Quarry LP acquired a new stake in shares of Intuitive Machines in the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp boosted its position in shares of Intuitive Machines by 751.3% in the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after acquiring an additional 3,381 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Intuitive Machines by 201.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after acquiring an additional 3,300 shares during the period. Ancora Advisors LLC bought a new stake in shares of Intuitive Machines in the fourth quarter valued at about $91,000. Finally, Victory Capital Management Inc. acquired a new position in Intuitive Machines in the fourth quarter valued at about $183,000. 72.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuitive Machines

In other news, CFO Peter Mcgrath sold 72,168 shares of Intuitive Machines 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 sale, the chief financial officer now directly owns 366,824 shares in the company, valued at $4,401,888. The trade was a 16.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines 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 in the company, valued at $42,286,692.80. The trade was a 4.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 271,090 shares of company stock worth $3,106,565. Corporate insiders own 73.68% of the company's stock.

Wall Street Analysts Forecast Growth

LUNR has been the subject of a number of analyst reports. Barclays began coverage on Intuitive Machines in a research note on Thursday, May 22nd. They issued a "neutral" rating for the company. B. Riley reissued a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. 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 research note on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 target price for the company. Finally, Roth Capital reaffirmed a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Machines has a consensus rating of "Moderate Buy" and a consensus target price of $16.06.

Intuitive Machines Stock Up 7.6%

NASDAQ:LUNR traded up $0.83 during trading hours on Friday, hitting $11.71. 10,057,617 shares of the company traded hands, compared to its average volume of 12,735,080. The firm's 50-day simple moving average is $9.38 and its 200-day simple moving average is $13.31. Intuitive Machines, Inc. has a one year low of $3.15 and a one year high of $24.95. The company has a market cap of $2.09 billion, a PE ratio of -3.98 and a beta of 1.47.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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. As a group, equities research analysts expect that Intuitive Machines, Inc. will post 0.73 EPS 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.