LMR Partners LLP Acquires New Stake in Intuitive Machines, Inc. (NASDAQ:LUNR)

LMR Partners LLP bought a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 13,610 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors have also recently modified their holdings of the company. Wedbush Securities Inc. purchased a new position in shares of Intuitive Machines in the 2nd quarter worth about $35,000. Sender Co & Partners Inc. bought a new stake in Intuitive Machines during the 2nd quarter valued at about $56,000. Waldron Private Wealth LLC bought a new stake in Intuitive Machines during the 3rd quarter valued at about $83,000. SG Americas Securities LLC purchased a new position in Intuitive Machines in the third quarter worth about $93,000. Finally, Creative Planning bought a new position in shares of Intuitive Machines in the third quarter worth approximately $105,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Intuitive Machines Trading Down 3.9 %

Shares of LUNR opened at $12.07 on Thursday. The firm has a fifty day simple moving average of $8.28 and a two-hundred day simple moving average of $5.81. The firm has a market cap of $1.55 billion, a PE ratio of -4.27 and a beta of 0.35. Intuitive Machines, Inc. has a 1-year low of $2.09 and a 1-year high of $14.90.

Insider Buying and Selling

In other Intuitive Machines news, CFO Steven Vontur sold 10,274 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $5.58, for a total value of $57,328.92. Following the transaction, the chief financial officer now directly owns 117,500 shares of the company’s stock, valued at approximately $655,650. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kamal Seyed Ghaffarian sold 570,705 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $6.08, for a total transaction of $3,469,886.40. Following the sale, the director now directly owns 3,551,606 shares of the company’s stock, valued at $21,593,764.48. The trade was a 13.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,763,571 shares of company stock valued at $38,671,383 over the last 90 days. Company insiders own 73.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Roth Mkm reissued a “buy” rating and set a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Canaccord Genuity Group lifted their target price on Intuitive Machines from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Friday, November 15th. B. Riley boosted their price target on Intuitive Machines from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Cantor Fitzgerald increased their price objective on Intuitive Machines from $10.00 to $15.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Benchmark boosted their target price on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $13.10.

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.