Amova Asset Management Americas Inc. Raises Holdings in Intuitive Machines, Inc. $LUNR

Amova Asset Management Americas Inc. increased its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 36.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 486,752 shares of the company’s stock after acquiring an additional 130,985 shares during the period. Amova Asset Management Americas Inc.’s holdings in Intuitive Machines were worth $5,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in shares of Intuitive Machines by 180.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $30,000 after purchasing an additional 1,800 shares during the period. Nisa Investment Advisors LLC grew its position in Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after buying an additional 1,127 shares during the period. GF Fund Management CO. LTD. purchased a new position in Intuitive Machines in the third quarter valued at $94,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Intuitive Machines in the third quarter worth about $109,000. Finally, Axim Planning & Wealth acquired a new position in shares of Intuitive Machines in the third quarter worth about $113,000. 72.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LUNR. Cantor Fitzgerald restated an “overweight” rating on shares of Intuitive Machines in a research report on Wednesday, December 3rd. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Stifel Nicolaus set a $20.00 target price on Intuitive Machines and gave the stock a “hold” rating in a research note on Friday, January 9th. Finally, KeyCorp lifted their price target on shares of Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.27.

Insider Buying and Selling at Intuitive Machines

In related news, CEO Stephen J. Altemus sold 86,803 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $16.01, for a total transaction of $1,389,716.03. Following the transaction, the chief executive officer directly owned 1,176,246 shares in the company, valued at approximately $18,831,698.46. The trade was a 6.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Timothy Price Crain II sold 23,226 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total transaction of $405,061.44. Following the sale, the senior vice president directly owned 359,726 shares of the company’s stock, valued at approximately $6,273,621.44. This represents a 6.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,689,913 shares of company stock worth $62,240,781 over the last three months. 39.75% of the stock is owned by corporate insiders.

Intuitive Machines Stock Performance

Shares of LUNR opened at $17.67 on Friday. The stock has a 50 day moving average price of $18.25 and a 200 day moving average price of $13.25. Intuitive Machines, Inc. has a one year low of $6.14 and a one year high of $23.32. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -7.15 and a beta of 1.40.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.