XTX Topco Ltd Increases Stock Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Key Points

• XTX Topco Ltd significantly increased its position in Intuitive Machines, Inc., raising its holdings by 1,207.6% to 156,998 shares, valued at approximately $1.17 million.
• Institutional investors collectively own 72.21% of Intuitive Machines, with notable increases in holdings from firms like Vanguard Group and JP Morgan.
• Intuitive Machines reported a loss of $0.20 EPS, missing estimates, and generated revenue of $62.52 million, below analyst projections of $66.07 million.

XTX Topco Ltd lifted its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 1,207.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,998 shares of the company's stock after buying an additional 144,991 shares during the quarter. XTX Topco Ltd owned approximately 0.09% of Intuitive Machines worth $1,170,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Commonwealth Equity Services LLC purchased a new stake in Intuitive Machines in the fourth quarter worth about $357,000. Vanguard Group Inc. grew its stake in shares of Intuitive Machines by 33.6% in the 4th quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after buying an additional 1,017,706 shares during the last quarter. JPMorgan Chase & Co. increased its position in Intuitive Machines by 63.8% during the 4th quarter. JPMorgan Chase & Co. now owns 20,645 shares of the company's stock valued at $375,000 after buying an additional 8,041 shares in the last quarter. Alliancebernstein L.P. bought a new position in Intuitive Machines during the 4th quarter valued at approximately $303,000. Finally, Geode Capital Management LLC raised its stake in Intuitive Machines by 20.5% during the fourth 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. 72.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 72,168 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $12.00, for a total value of $866,016.00. Following the transaction, the chief financial officer owned 366,824 shares of the company's stock, valued at approximately $4,401,888. This represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kamal Seyed Ghaffarian sold 40,254 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $13.49, for a total value of $543,026.46. Following the sale, the director owned 3,494,768 shares of the company's stock, valued at approximately $47,144,420.32. This represents a 1.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 434,454 shares of company stock valued at $5,295,969 in the last ninety days. 39.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LUNR. Canaccord Genuity Group raised 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. Roth Capital restated a "buy" rating on shares of Intuitive Machines in a research note on Tuesday, May 13th. Craig Hallum initiated coverage on shares of Intuitive Machines in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $17.00 target price on the stock. Barclays began coverage on shares of Intuitive Machines in a research report on Thursday, May 22nd. They set a "neutral" rating for the company. Finally, Cantor Fitzgerald boosted their price objective on shares of Intuitive Machines from $13.00 to $16.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.60.

Intuitive Machines Stock Down 4.9%

Shares of LUNR stock opened at $10.61 on Friday. The company has a 50 day moving average price of $11.21 and a 200-day moving average price of $12.10. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95. The firm has a market capitalization of $1.90 billion, a PE ratio of -3.89 and a beta of 1.40.

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 business had revenue of $62.52 million for the quarter, compared to analyst estimates of $66.07 million. Analysts anticipate that Intuitive Machines, Inc. will post 0.73 earnings per share for the current 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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