Intuitive Machines, Inc. $LUNR Stock Holdings Raised by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 71.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 150,814 shares of the company’s stock after buying an additional 62,715 shares during the quarter. Allianz Asset Management GmbH’s holdings in Intuitive Machines were worth $1,587,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC increased its holdings in Intuitive Machines by 238.4% in the third quarter. AlphaQuest LLC now owns 63,143 shares of the company’s stock valued at $664,000 after buying an additional 44,483 shares during the last quarter. LBP AM SA lifted its holdings in Intuitive Machines by 87.2% during the 3rd quarter. LBP AM SA now owns 256,417 shares of the company’s stock worth $2,698,000 after buying an additional 119,419 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Intuitive Machines by 10.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 128,300 shares of the company’s stock worth $1,350,000 after acquiring an additional 12,003 shares in the last quarter. Palisades Investment Partners LLC increased its holdings in shares of Intuitive Machines by 1.9% in the 3rd quarter. Palisades Investment Partners LLC now owns 398,571 shares of the company’s stock valued at $4,193,000 after acquiring an additional 7,331 shares during the last quarter. Finally, Olympiad Research LP increased its holdings in shares of Intuitive Machines by 49.5% in the 3rd quarter. Olympiad Research LP now owns 26,083 shares of the company’s stock valued at $274,000 after acquiring an additional 8,638 shares during the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on LUNR shares. Canaccord Genuity Group lifted their price objective on shares of Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the company a “buy” rating in a report on Friday, October 17th. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 20th. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and an average price target of $17.27.

Intuitive Machines Stock Performance

NASDAQ:LUNR opened at $15.72 on Friday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -6.36 and a beta of 1.37. Intuitive Machines, Inc. has a 1 year low of $6.14 and a 1 year high of $23.32. The business has a fifty day moving average of $16.91 and a 200-day moving average of $12.54.

Insider Transactions at Intuitive Machines

In other news, CEO Stephen J. Altemus sold 1,958,593 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $15.77, for a total value of $30,887,011.61. Following the completion of the sale, the chief executive officer directly owned 1,026,402 shares of the company’s stock, valued at approximately $16,186,359.54. This represents a 65.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Timothy Price Crain II sold 200,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the completion of the transaction, the senior vice president owned 298,435 shares of the company’s stock, valued at $4,786,897.40. This trade represents a 40.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,550,000 shares of company stock valued at $59,924,826 in the last quarter. 39.75% of the stock is currently owned by insiders.

About Intuitive Machines

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.