Northern Trust Corp Boosts Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Northern Trust Corp boosted its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 338,836 shares of the company's stock after acquiring an additional 66,581 shares during the quarter. Northern Trust Corp owned 0.24% of Intuitive Machines worth $6,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LUNR. Barclays PLC increased its position in Intuitive Machines by 275.2% during the third quarter. Barclays PLC now owns 37,323 shares of the company's stock valued at $300,000 after acquiring an additional 27,376 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Intuitive Machines by 144.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 57,463 shares of the company's stock valued at $1,044,000 after acquiring an additional 33,939 shares during the last quarter. SG Americas Securities LLC increased its position in Intuitive Machines by 55.7% during the fourth quarter. SG Americas Securities LLC now owns 18,046 shares of the company's stock valued at $328,000 after acquiring an additional 6,454 shares during the last quarter. Spire Wealth Management purchased a new stake in Intuitive Machines during the fourth quarter valued at $469,000. Finally, Entropy Technologies LP purchased a new stake in Intuitive Machines during the fourth quarter valued at $895,000. Hedge funds and other institutional investors own 72.21% of the company's stock.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the completion of the transaction, the director now directly owns 3,494,768 shares of the company's stock, valued at approximately $42,286,692.80. This represents a 4.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 366,824 shares of the company's stock, valued at approximately $4,401,888. The trade was a 16.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 271,090 shares of company stock valued at $3,106,565 over the last 90 days. Company insiders own 73.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LUNR. Deutsche Bank Aktiengesellschaft began coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price objective for the company. Bank of America initiated coverage on Intuitive Machines in a report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target for the company. Roth Mkm cut their price target on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a report on Tuesday, May 13th. Finally, Canaccord Genuity Group boosted their price target on Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.44.

Intuitive Machines Stock Down 1.9%

NASDAQ LUNR opened at $12.12 on Tuesday. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -4.12 and a beta of 1.32. The business has a 50-day moving average price of $8.42 and a 200-day moving average price of $13.22. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.10). The firm had revenue of $62.52 million during the quarter, compared to analysts' expectations of $66.07 million. Research analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

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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