Geode Capital Management LLC Purchases 191,733 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Geode Capital Management LLC raised its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,125,005 shares of the company's stock after acquiring an additional 191,733 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of Intuitive Machines worth $20,437,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in shares of Intuitive Machines by 751.3% in the 4th quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company's stock valued at $70,000 after purchasing an additional 3,381 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Intuitive Machines by 201.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,937 shares of the company's stock valued at $90,000 after acquiring an additional 3,300 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in Intuitive Machines during the 4th quarter valued at approximately $183,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Intuitive Machines during the 4th quarter worth approximately $244,000. Finally, Barclays PLC lifted its holdings in shares of Intuitive Machines by 275.2% in the 3rd quarter. Barclays PLC now owns 37,323 shares of the company's stock valued at $300,000 after buying an additional 27,376 shares during the period. 72.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intuitive Machines

In other Intuitive Machines news, CFO Peter Mcgrath sold 37,906 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total transaction of $292,255.26. Following the transaction, the chief financial officer now owns 438,992 shares of the company's stock, valued at approximately $3,384,628.32. This represents a 7.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Vontur sold 9,266 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the transaction, the insider now directly owns 98,656 shares in the company, valued at approximately $2,219,760. This trade represents a 8.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,700 shares of company stock valued at $589,489 in the last three months. 73.68% of the stock is owned by corporate insiders.

Intuitive Machines Price Performance

NASDAQ LUNR traded up $0.46 on Thursday, reaching $8.32. The company had a trading volume of 2,255,476 shares, compared to its average volume of 13,342,384. The firm has a market capitalization of $1.48 billion, a PE ratio of -2.83 and a beta of 1.33. Intuitive Machines, Inc. has a 1 year low of $3.15 and a 1 year high of $24.95. The firm has a 50-day moving average of $10.05 and a 200-day moving average of $12.92.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. The company had revenue of $54.66 million during the quarter, compared to analyst estimates of $72.58 million. As a group, sell-side analysts expect that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on LUNR. Bank of America began coverage on Intuitive Machines in a report on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price target for the company. Cantor Fitzgerald reduced their price objective on Intuitive Machines from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, March 25th. Canaccord Genuity Group reduced their price objective on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating for the company in a report on Tuesday, March 25th. Benchmark reissued a "buy" rating and set a $16.00 price target on shares of Intuitive Machines in a research report on Tuesday, March 25th. Finally, Roth Capital set a $20.00 price target on Intuitive Machines in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Intuitive Machines presently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

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.