Rhumbline Advisers Has $389,000 Position in Intuitive Machines, Inc. $LUNR

Rhumbline Advisers boosted its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 19.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,260 shares of the company’s stock after buying an additional 8,612 shares during the period. Rhumbline Advisers’ holdings in Intuitive Machines were worth $389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Intuitive Machines by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company’s stock valued at $32,939,000 after purchasing an additional 373,741 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Intuitive Machines in the 1st quarter valued at approximately $15,739,000. ARK Investment Management LLC bought a new stake in Intuitive Machines during the 1st quarter worth approximately $5,531,000. Nuveen LLC bought a new stake in Intuitive Machines during the 1st quarter worth approximately $3,808,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Intuitive Machines by 37.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 424,787 shares of the company’s stock worth $3,165,000 after acquiring an additional 116,435 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LUNR shares. Canaccord Genuity Group cut their price objective on Intuitive Machines from $19.00 to $18.50 and set a “buy” rating for the company in a report on Tuesday, August 19th. Bank of America lowered their price objective on Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating on the stock in a research report on Monday, August 25th. Craig Hallum began coverage on Intuitive Machines in a research report on Tuesday, July 22nd. They issued a “buy” rating and a $17.00 price target on the stock. UBS Group reiterated a “buy” rating on shares of Intuitive Machines in a research report on Monday, August 18th. Finally, Zacks Research raised Intuitive Machines to a “strong sell” rating in a research note on Monday, August 11th. Eight analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.44.

Insider Activity at Intuitive Machines

In other news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $12.05, for a total value of $970,121.40. Following the completion of the transaction, the director owned 3,494,768 shares in the company, valued at $42,111,954.40. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 161,016 shares of company stock valued at $1,997,001. Company insiders own 39.75% of the company’s stock.

Intuitive Machines Trading Down 3.6%

Shares of Intuitive Machines stock opened at $9.99 on Thursday. The firm has a market capitalization of $1.79 billion, a PE ratio of -3.08 and a beta of 1.38. The business’s 50-day moving average price is $9.95 and its 200-day moving average price is $9.66. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $24.95.

Intuitive Machines (NASDAQ:LUNR) last issued its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $50.31 million during the quarter, compared to the consensus estimate of $69.19 million. Intuitive Machines has set its FY 2025 guidance at EPS. As a group, analysts predict that Intuitive Machines, Inc. will post 0.73 earnings per share for the current fiscal year.

Intuitive Machines Company Profile

Intuitive Machines, Inc designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon. The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.