511,184 Shares in Intuitive Machines, Inc. $LUNR Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR), purchasing 511,184 shares valued at approximately $3,808,000.
• Despite a recent increase in share price, the company reported a loss of ($0.11) EPS, missing analysts' estimates and generating lower revenue than expected.
• Institutional investors own about 72.21% of Intuitive Machines' stock, indicating strong institutional interest in the company.

Nuveen LLC purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 511,184 shares of the company's stock, valued at approximately $3,808,000. Nuveen LLC owned about 0.29% of Intuitive Machines at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Swiss National Bank acquired a new stake in shares of Intuitive Machines during the 1st quarter worth about $1,203,000. Palisades Investment Partners LLC acquired a new stake in shares of Intuitive Machines in the first quarter worth approximately $2,993,000. Bank of America Corp DE boosted its position in shares of Intuitive Machines by 209.0% in the fourth quarter. Bank of America Corp DE now owns 57,192 shares of the company's stock worth $1,039,000 after acquiring an additional 38,684 shares during the last quarter. ARK Investment Management LLC acquired a new stake in shares of Intuitive Machines in the first quarter worth approximately $5,531,000. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Intuitive Machines in the first quarter worth approximately $1,095,000. 72.21% of the stock is owned by institutional investors and hedge funds.

Intuitive Machines Stock Down 0.7%

Shares of LUNR traded down $0.06 during mid-day trading on Tuesday, reaching $8.71. 4,326,601 shares of the stock traded hands, compared to its average volume of 8,175,814. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -2.69 and a beta of 1.38. The stock has a fifty day simple moving average of $10.52 and a 200 day simple moving average of $10.36. Intuitive Machines, Inc. has a 12-month low of $4.72 and a 12-month high of $24.95.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Intuitive Machines to a "strong sell" rating in a research report on Monday, August 11th. Canaccord Genuity Group decreased their target price on shares of Intuitive Machines from $19.00 to $18.50 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Craig Hallum assumed coverage on shares of Intuitive Machines in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 target price on the stock. UBS Group reissued a "buy" rating on shares of Intuitive Machines in a research report on Monday, August 18th. Finally, Roth Capital reissued a "buy" rating on shares of Intuitive Machines in a research report on Tuesday, May 13th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.10.

Insider Activity

In other news, Director Kamal Seyed Ghaffarian sold 40,254 shares of Intuitive Machines stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $13.49, for a total transaction of $543,026.46. Following the sale, the director owned 3,494,768 shares in the company, valued at $47,144,420.32. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 201,270 shares of company stock worth $2,481,659 in the last 90 days. Company insiders own 39.75% of the company's stock.

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.