Counterpoint Mutual Funds LLC Acquires New Shares in Intuitive Machines, Inc. $LUNR

Counterpoint Mutual Funds LLC bought a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 48,958 shares of the company’s stock, valued at approximately $909,000.

Several other institutional investors have also recently bought and sold shares of the business. Sierra Summit Advisors LLC bought a new position in shares of Intuitive Machines in the first quarter worth about $883,000. Nations Financial Group Inc. IA ADV grew its holdings in shares of Intuitive Machines by 9.9% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 11,080 shares of the company’s stock valued at $206,000 after purchasing an additional 1,000 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Intuitive Machines by 7.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 63,925 shares of the company’s stock valued at $1,038,000 after purchasing an additional 4,500 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Intuitive Machines during the 4th quarter worth approximately $2,612,000. Finally, Sunbelt Securities Inc. increased its position in Intuitive Machines by 144.8% during the 4th quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock worth $48,000 after purchasing an additional 1,738 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insider Buying and Selling

In related news, CEO Stephen J. Altemus sold 13,751 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $324,661.11. Following the completion of the sale, the chief executive officer directly owned 1,162,495 shares in the company, valued at $27,446,506.95. This represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of Intuitive Machines stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $20.43, for a total value of $2,899,200.87. Following the transaction, the director directly owned 3,494,768 shares in the company, valued at $71,398,110.24. The trade was a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,208,436 shares of company stock valued at $32,795,395. Company insiders own 54.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LUNR shares. Cantor Fitzgerald increased their price objective on shares of Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Intuitive Machines in a report on Tuesday, April 21st. Zacks Research cut Intuitive Machines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 19th. Finally, Canaccord Genuity Group raised their price objective on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a report on Friday, May 15th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Intuitive Machines Price Performance

NASDAQ:LUNR opened at $19.58 on Friday. Intuitive Machines, Inc. has a one year low of $7.78 and a one year high of $46.75. The company has a market cap of $4.25 billion, a PE ratio of -22.25 and a beta of 1.78. The firm’s 50 day simple moving average is $28.79 and its 200 day simple moving average is $22.38.

Intuitive Machines (NASDAQ:LUNR) last announced 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 business had revenue of $186.73 million for the quarter, compared to analysts’ expectations of $202.95 million. Equities research analysts expect that Intuitive Machines, Inc. will post -0.36 EPS 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.