Y Intercept Hong Kong Ltd Makes New $355,000 Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Y Intercept Hong Kong Ltd purchased a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,563 shares of the company's stock, valued at approximately $355,000.

A number of other large investors also recently modified their holdings of LUNR. Geode Capital Management LLC boosted its position in Intuitive Machines by 31.2% during the 3rd quarter. Geode Capital Management LLC now owns 933,272 shares of the company's stock worth $7,514,000 after purchasing an additional 222,136 shares during the period. State Street Corp boosted its holdings in Intuitive Machines by 1.3% in the 3rd quarter. State Street Corp now owns 576,051 shares of the company's stock worth $4,637,000 after acquiring an additional 7,538 shares during the period. Van ECK Associates Corp acquired a new stake in Intuitive Machines in the fourth quarter valued at approximately $3,403,000. Penserra Capital Management LLC raised its stake in shares of Intuitive Machines by 16.5% during the third quarter. Penserra Capital Management LLC now owns 147,857 shares of the company's stock valued at $1,190,000 after purchasing an additional 20,916 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Intuitive Machines by 44.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 103,791 shares of the company's stock worth $836,000 after purchasing an additional 32,015 shares in the last quarter. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the firm's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.35, for a total value of $6,935,804.55. Following the sale, the director now directly owns 3,494,768 shares in the company, valued at approximately $64,128,992.80. This trade represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven Vontur sold 4,528 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total transaction of $88,748.80. Following the transaction, the insider now owns 104,272 shares of the company's stock, valued at $2,043,731.20. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 393,659 shares of company stock valued at $7,262,364. Company insiders own 73.68% of the company's stock.

Intuitive Machines Price Performance

LUNR traded down $2.56 during trading hours on Friday, hitting $8.70. 43,550,891 shares of the stock were exchanged, compared to its average volume of 15,184,400. Intuitive Machines, Inc. has a 12 month low of $3.15 and a 12 month high of $24.95. The stock has a 50-day simple moving average of $18.86 and a 200-day simple moving average of $12.63. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -2.96 and a beta of 1.01.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LUNR shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Intuitive Machines in a research note on Tuesday, February 25th. They set a "hold" rating and a $18.00 price target on the stock. Canaccord Genuity Group dropped their target price on Intuitive Machines from $26.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday. 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. Benchmark upped their target price on Intuitive Machines from $10.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, Cantor Fitzgerald raised their price target on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.57.

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.