Nuveen Asset Management LLC Has $7.31 Million Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Nuveen Asset Management LLC trimmed its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 402,468 shares of the company's stock after selling 223,972 shares during the period. Nuveen Asset Management LLC owned about 0.29% of Intuitive Machines worth $7,309,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on LUNR shares. Cantor Fitzgerald upped their price objective on Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Intuitive Machines in a research report on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target for the company. B. Riley reiterated a "buy" rating on shares of Intuitive Machines in a report on Tuesday, March 25th. Canaccord Genuity Group raised their target price on shares of Intuitive Machines from $21.00 to $21.50 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Finally, Roth Mkm reduced their price objective on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating for the company in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $16.06.

Intuitive Machines Price Performance

LUNR traded up $0.02 during trading on Tuesday, hitting $11.03. 5,307,423 shares of the stock traded hands, compared to its average volume of 12,673,288. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The business has a 50 day moving average price of $9.25 and a 200 day moving average price of $13.33. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -3.75 and a beta of 1.47.

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

Insiders Place Their Bets

In other news, Director Kamal Seyed Ghaffarian sold 161,016 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. The trade was a 4.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Peter Mcgrath sold 72,168 shares of Intuitive Machines stock in a transaction that occurred 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 owns 366,824 shares in the company, valued at approximately $4,401,888. This represents a 16.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 271,090 shares of company stock valued at $3,106,565. 73.68% of the stock is currently owned by 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.