Marshall Wace LLP Acquires New Shares in Intuitive Machines, Inc. (NASDAQ:LUNR)

Marshall Wace LLP bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 77,047 shares of the company's stock, valued at approximately $1,399,000. Marshall Wace LLP owned about 0.05% of Intuitive Machines as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Intuitive Machines by 33.6% in the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company's stock worth $73,503,000 after purchasing an additional 1,017,706 shares during the last quarter. Renaissance Technologies LLC boosted its position in Intuitive Machines by 99.6% in the fourth 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 during the last quarter. Geode Capital Management LLC boosted its position in Intuitive Machines by 20.5% in the fourth quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company's stock worth $20,437,000 after purchasing an additional 191,733 shares during the last quarter. State Street Corp boosted its position in Intuitive Machines by 1.3% in the third quarter. State Street Corp now owns 576,051 shares of the company's stock worth $4,637,000 after purchasing an additional 7,538 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Intuitive Machines in the fourth quarter worth about $5,600,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LUNR shares. Deutsche Bank Aktiengesellschaft started coverage on Intuitive Machines in a research note on Tuesday, February 25th. They issued a "hold" rating and a $18.00 price objective on the stock. Bank of America started coverage on Intuitive Machines in a research note on Wednesday, February 5th. They issued an "underperform" rating and a $16.00 price objective on the stock. Canaccord Genuity Group decreased their price objective on Intuitive Machines from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Roth Capital set a $20.00 price objective on Intuitive Machines in a research note on Friday, March 7th. Finally, Roth Mkm decreased their price objective on Intuitive Machines from $20.00 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Insider Transactions at Intuitive Machines

In other news, CFO Peter Mcgrath sold 37,906 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 438,992 shares of the company's stock, valued at $3,384,628.32. This represents a 7.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven Vontur sold 4,528 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the sale, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. This trade represents a 4.16 % decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 73.68% of the company's stock.

Intuitive Machines Trading Down 0.1 %

NASDAQ LUNR opened at $8.57 on Tuesday. The stock's 50 day moving average is $9.37 and its 200 day moving average is $13.02. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The stock has a market cap of $1.53 billion, a PE ratio of -2.91 and a beta of 1.33.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last posted its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.12. The business had revenue of $54.66 million during the quarter, compared to analysts' expectations of $72.58 million. On average, analysts forecast that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Intuitive Machines Company 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.

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