Northern Trust Corp Has $6.15 Million Stock Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Northern Trust Corp raised its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,836 shares of the company's stock after purchasing an additional 66,581 shares during the period. Northern Trust Corp owned 0.24% of Intuitive Machines worth $6,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in Intuitive Machines by 8.3% in the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company's stock worth $244,000 after buying an additional 1,026 shares during the last quarter. Quarry LP acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $44,000. Bank of New York Mellon Corp grew 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 acquiring an additional 2,499 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of 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 last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Intuitive Machines by 751.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after purchasing an additional 3,381 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Stock Down 1.0%

Shares of LUNR stock traded down $0.12 during trading hours on Friday, reaching $11.34. 3,962,724 shares of the company's stock were exchanged, compared to its average volume of 12,580,274. Intuitive Machines, Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $24.95. The stock has a market capitalization of $2.02 billion, a P/E ratio of -3.86 and a beta of 1.32. The business has a fifty day moving average price of $8.76 and a 200-day moving average price of $13.31.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.10). The company had revenue of $62.52 million for the quarter, compared to analysts' expectations of $66.07 million. As a group, research analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity

In other news, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction on 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 now owns 366,824 shares in the company, valued at approximately $4,401,888. This represents a 16.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 161,016 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.10, for a total value of $1,948,293.60. Following the sale, the director now directly 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. Over the last 90 days, insiders sold 271,090 shares of company stock valued at $3,106,565. Insiders own 73.68% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research note on Wednesday, May 14th. B. Riley reaffirmed a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, March 25th. Roth Capital reiterated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Roth Mkm cut their price objective on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Finally, Barclays started coverage on Intuitive Machines in a research report on Thursday. They set a "neutral" rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $16.06.

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.