WINTON GROUP Ltd Acquires 144,957 Shares of Intuitive Machines, Inc. $LUNR

Key Points

• WINTON GROUP Ltd increased its Intuitive Machines stake by 538.9% during the second quarter, adding 144,957 shares to own 171,857 shares valued at approximately $3.68 million. Institutional investors collectively hold 72.21% of LUNR.
• Intuitive Machines shares opened at $14.62, down 2.1%, after the company reported a quarterly loss of $0.29 per share and revenue of $206.17 million, both below analyst expectations.
• Analyst sentiment remains mixed but leans positive, with a consensus “Moderate Buy” rating and a $30.50 average price target. However, insiders sold 12.5 million shares worth roughly $166.4 million over the past quarter.

WINTON GROUP Ltd lifted its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 538.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 171,857 shares of the company's stock after buying an additional 144,957 shares during the quarter. WINTON GROUP Ltd owned about 0.08% of Intuitive Machines worth $3,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LUNR. Trustees of the University of Pennsylvania bought a new position in Intuitive Machines during the fourth quarter worth $52,689,000. Tema ETFs LLC grew its holdings in Intuitive Machines by 139,768.2% in the second quarter. Tema ETFs LLC now owns 3,105,074 shares of the company's stock worth $66,418,000 after purchasing an additional 3,102,854 shares during the period. California State Teachers Retirement System increased its stake in Intuitive Machines by 2,309.3% in the second quarter. California State Teachers Retirement System now owns 3,046,364 shares of the company's stock valued at $65,162,000 after purchasing an additional 2,919,922 shares in the last quarter. First Trust Advisors LP increased its stake in Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company's stock valued at $25,809,000 after purchasing an additional 2,386,688 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Intuitive Machines during the first quarter valued at about $35,895,000. Institutional investors own 72.21% of the company's stock.

Intuitive Machines Trading Down 2.1%

Intuitive Machines stock opened at $14.62 on Friday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of -15.39 and a beta of 1.85. The firm's fifty day moving average price is $15.54 and its two-hundred day moving average price is $21.69. Intuitive Machines, Inc. has a 1-year low of $7.78 and a 1-year high of $46.75.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The firm had revenue of $206.17 million for the quarter, compared to the consensus estimate of $212.32 million. On average, research analysts forecast that Intuitive Machines, Inc. will post -0.6 EPS for the current year.

Insider Buying and Selling

In other news, insider Steven Vontur sold 3,050 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $16.13, for a total value of $49,196.50. Following the completion of the sale, the insider directly owned 113,997 shares of the company's stock, valued at $1,838,771.61. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder International L.P. Advent sold 11,495,514 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value of $147,602,399.76. Following the completion of the transaction, the insider owned 11,495,514 shares in the company, valued at $147,602,399.76. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 12,485,346 shares of company stock valued at $166,369,356. Company insiders own 54.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LUNR shares. Wall Street Zen raised shares of Intuitive Machines from a "strong sell" rating to a "sell" rating in a research report on Sunday, May 24th. Zacks Research raised Intuitive Machines from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Stifel Nicolaus upgraded Intuitive Machines from a "hold" rating to a "buy" rating and cut their price target for the stock from $32.00 to $26.00 in a report on Friday, August 14th. Bank of America raised their price objective on Intuitive Machines from $11.00 to $13.00 and gave the company an "underperform" rating in a research note on Monday, August 31st. Finally, Cantor Fitzgerald decreased their price objective on Intuitive Machines from $43.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.

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