Fifth Third Bancorp Buys New Shares in Intuitive Machines, Inc. $LUNR

Fifth Third Bancorp purchased a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 232,456 shares of the company’s stock, valued at approximately $4,314,000.

Other large investors have also recently bought and sold shares of the company. Trustees of the University of Pennsylvania acquired a new position in shares of Intuitive Machines in the 4th quarter valued at about $52,689,000. First Trust Advisors LP increased its holdings in Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after purchasing an additional 2,386,688 shares in the last quarter. Jump Financial LLC lifted its stake in Intuitive Machines by 5,262.9% in the third quarter. Jump Financial LLC now owns 1,339,872 shares of the company’s stock valued at $14,095,000 after buying an additional 1,314,888 shares during the period. Marshall Wace LLP boosted its holdings in shares of Intuitive Machines by 523.7% during the 4th quarter. Marshall Wace LLP now owns 1,260,459 shares of the company’s stock worth $20,457,000 after buying an additional 1,058,376 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its position in shares of Intuitive Machines by 177.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,429,791 shares of the company’s stock worth $15,041,000 after buying an additional 913,650 shares during the period. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. KeyCorp lifted their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, June 24th. Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research note on Wednesday, May 20th. Finally, Roth Capital increased their price objective on shares of Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Insider Buying and Selling at Intuitive Machines

In other news, SVP Timothy Price Crain II sold 150,000 shares of Intuitive Machines stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the completion of the transaction, the senior vice president directly owned 351,279 shares in the company, valued at $7,682,471.73. This trade represents a 29.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William John Liquori, Jr. sold 18,321 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $29.87, for a total transaction of $547,248.27. Following the sale, the director directly owned 68,875 shares of the company’s stock, valued at approximately $2,057,296.25. The trade was a 21.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,019,775 shares of company stock valued at $28,399,292. Corporate insiders own 54.10% of the company’s stock.

Intuitive Machines Stock Up 0.6%

NASDAQ LUNR opened at $13.52 on Friday. Intuitive Machines, Inc. has a 52 week low of $7.78 and a 52 week high of $46.75. The business has a 50 day moving average price of $26.80 and a 200-day moving average price of $22.51. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -15.36 and a beta of 1.78.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The company had revenue of $186.73 million for the quarter, compared to analyst estimates of $202.95 million. On average, equities research analysts anticipate that Intuitive Machines, Inc. will post -0.36 earnings per share for the current 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.