Intuitive Machines, Inc. $LUNR Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 78.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,593,135 shares of the company’s stock after buying an additional 1,141,454 shares during the period. Geode Capital Management LLC owned about 1.45% of Intuitive Machines worth $28,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in Intuitive Machines by 43.4% during the first quarter. Bank of New York Mellon Corp now owns 101,440 shares of the company’s stock worth $756,000 after acquiring an additional 30,700 shares during the period. Victory Capital Management Inc. increased its stake in shares of Intuitive Machines by 885.9% during the first quarter. Victory Capital Management Inc. now owns 99,360 shares of the company’s stock worth $740,000 after purchasing an additional 89,282 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Intuitive Machines during the first quarter worth about $120,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Intuitive Machines during the 1st quarter worth about $111,000. Finally, XTX Topco Ltd lifted its stake in Intuitive Machines by 1,207.6% in the 1st quarter. XTX Topco Ltd now owns 156,998 shares of the company’s stock valued at $1,170,000 after buying an additional 144,991 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on LUNR shares. Bank of America boosted their price objective on Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Monday, November 10th. Canaccord Genuity Group reduced their price objective on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating for the company in a research note on Friday, November 7th. UBS Group reaffirmed a “buy” rating on shares of Intuitive Machines in a research note on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft set a $18.00 target price on shares of Intuitive Machines and gave the stock a “buy” rating in a report on Friday, October 17th. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $15.50.

Intuitive Machines Stock Up 2.2%

NASDAQ LUNR opened at $9.50 on Friday. The business’s fifty day simple moving average is $10.80 and its 200-day simple moving average is $10.62. The firm has a market cap of $1.71 billion, a PE ratio of -3.84 and a beta of 1.42. Intuitive Machines, Inc. has a 52 week low of $6.14 and a 52 week high of $24.95.

Insider Buying and Selling

In other news, Director Michael Blitzer bought 141,080 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $9.27 per share, for a total transaction of $1,307,811.60. Following the acquisition, the director directly owned 1,831,248 shares of the company’s stock, valued at $16,975,668.96. This trade represents a 8.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 39.75% of the stock is owned by company insiders.

About Intuitive Machines

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.