Two Sigma Investments LP Invests $33.26 Million in Intuitive Machines, Inc. (NASDAQ:LUNR)

Two Sigma Investments LP purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,831,247 shares of the company's stock, valued at approximately $33,255,000. Two Sigma Investments LP owned about 1.30% of Intuitive Machines at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LUNR. Vanguard Group Inc. raised its holdings in Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after acquiring an additional 1,017,706 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Intuitive Machines by 99.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company's stock worth $22,170,000 after purchasing an additional 609,118 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Intuitive Machines by 3,991.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company's stock valued at $21,102,000 after buying an additional 1,133,581 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Intuitive Machines by 20.5% in the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company's stock valued at $20,437,000 after buying an additional 191,733 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Intuitive Machines in the fourth quarter valued at $9,133,000. Institutional investors own 72.21% of the company's stock.

Intuitive Machines Trading Down 1.0%

Shares of NASDAQ:LUNR traded down $0.12 on Monday, 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 twelve month low of $3.15 and a twelve month high of $24.95. The company has a fifty day moving average of $8.76 and a 200-day moving average of $13.31. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -3.86 and a beta of 1.32.

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

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 shares were sold at an average price of $12.10, for a total transaction of $1,948,293.60. Following the sale, the director now owns 3,494,768 shares in the company, valued at approximately $42,286,692.80. This trade represents a 4.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter Mcgrath sold 72,168 shares of Intuitive Machines stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $12.00, for a total transaction of $866,016.00. Following the completion of the transaction, the chief financial officer now directly owns 366,824 shares in the company, valued at $4,401,888. This trade represents a 16.44% 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 valued at $3,106,565. 73.68% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LUNR shares. Barclays assumed coverage on shares of Intuitive Machines in a research report on Thursday. They set a "neutral" rating on the stock. Roth Mkm dropped their target price on shares of Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 11th. 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 note on Wednesday, May 14th. Bank of America initiated coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an "underperform" rating and a $16.00 price target on the stock. Finally, Cantor Fitzgerald raised their price objective on Intuitive Machines from $13.00 to $16.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.06.

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.