Caitong International Asset Management Co. Ltd Takes Position in Intuitive Machines, Inc. $LUNR

Caitong International Asset Management Co. Ltd purchased a new position in Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 160,938 shares of the company’s stock, valued at approximately $2,612,000.

Several other institutional investors have also bought and sold shares of the business. Citigroup Inc. grew its holdings in Intuitive Machines by 627.6% during the 3rd quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock valued at $11,026,000 after purchasing an additional 904,065 shares during the last quarter. Vanguard Group Inc. lifted its stake in Intuitive Machines by 13.3% in the third quarter. Vanguard Group Inc. now owns 6,090,059 shares of the company’s stock worth $64,067,000 after purchasing an additional 717,256 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Intuitive Machines during the fourth quarter valued at approximately $717,000. ARK Investment Management LLC boosted its position in shares of Intuitive Machines by 78.9% during the third quarter. ARK Investment Management LLC now owns 2,073,233 shares of the company’s stock valued at $21,810,000 after buying an additional 914,458 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Intuitive Machines during the third quarter valued at approximately $4,696,000. Institutional investors own 72.21% of the company’s stock.

Insider Activity at Intuitive Machines

In other Intuitive Machines news, Director William John Liquori, Jr. sold 18,321 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the transaction, the director owned 68,875 shares in the company, valued at approximately $2,057,296.25. This represents a 21.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Peter Mcgrath sold 24,554 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the sale, the chief financial officer directly owned 401,246 shares in the company, valued at approximately $9,473,418.06. The trade was a 5.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,200,345 shares of company stock valued at $31,945,796 in the last quarter. 54.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Stifel Nicolaus set a $32.00 target price on Intuitive Machines in a research report on Friday, May 15th. Roth Mkm upped their target price on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Zacks Research downgraded Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Finally, Canaccord Genuity Group raised their price target on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuitive Machines currently has an average rating of “Hold” and an average price target of $31.50.

Intuitive Machines Price Performance

Shares of LUNR opened at $22.85 on Friday. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of -25.97 and a beta of 1.68. The stock’s 50-day moving average price is $29.90 and its 200-day moving average price is $21.74.

Intuitive Machines (NASDAQ:LUNR) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. As a group, equities analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

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.