Marshall Wace LLP Takes Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Marshall Wace LLP bought a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 77,047 shares of the company’s stock, valued at approximately $1,399,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd purchased a new stake in shares of Intuitive Machines in the fourth quarter valued at $218,000. Barclays PLC raised its stake in shares of Intuitive Machines by 155.1% in the fourth quarter. Barclays PLC now owns 95,215 shares of the company’s stock valued at $1,730,000 after acquiring an additional 57,892 shares during the period. Renaissance Technologies LLC raised its stake in shares of Intuitive Machines by 99.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock valued at $22,170,000 after acquiring an additional 609,118 shares during the period. Invesco Ltd. raised its stake in shares of Intuitive Machines by 8.3% in the fourth quarter. Invesco Ltd. now owns 13,449 shares of the company’s stock valued at $244,000 after acquiring an additional 1,026 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Intuitive Machines by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 21,344 shares of the company’s stock valued at $388,000 after acquiring an additional 4,889 shares during the period. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

LUNR has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of Intuitive Machines in a research note on Wednesday, February 5th. They issued an “underperform” rating and a $16.00 price target on the stock. B. Riley reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, March 25th. Roth Mkm reduced their price target on shares of Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Cantor Fitzgerald cut their target price on shares of Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 25th. Finally, Roth Capital set a $20.00 target price on shares of Intuitive Machines in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Intuitive Machines Stock Performance

NASDAQ LUNR opened at $8.57 on Tuesday. Intuitive Machines, Inc. has a one year low of $3.15 and a one year high of $24.95. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -2.91 and a beta of 1.33. The company’s 50-day simple moving average is $9.37 and its two-hundred day simple moving average is $13.02.

Intuitive Machines (NASDAQ:LUNR) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million during the quarter, compared to the consensus estimate of $72.58 million. Equities analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Steven Vontur sold 4,528 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were 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 approximately $2,043,731.20. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.71, for a total transaction of $292,255.26. Following the completion of the sale, the chief financial officer now owns 438,992 shares in the company, valued at $3,384,628.32. This represents a 7.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,700 shares of company stock worth $589,489. Corporate insiders own 73.68% of the company’s stock.

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.