Amova Asset Management Americas Inc. Boosts Stock Holdings in Intuitive Machines, Inc. $LUNR

Amova Asset Management Americas Inc. grew its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 36.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 486,752 shares of the company’s stock after purchasing an additional 130,985 shares during the quarter. Amova Asset Management Americas Inc. owned approximately 0.27% of Intuitive Machines worth $5,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Citigroup Inc. raised its stake in Intuitive Machines by 627.6% in the third quarter. Citigroup Inc. now owns 1,048,106 shares of the company’s stock worth $11,026,000 after buying an additional 904,065 shares in the last quarter. LBP AM SA boosted its position in Intuitive Machines by 87.2% during the 3rd quarter. LBP AM SA now owns 256,417 shares of the company’s stock valued at $2,698,000 after acquiring an additional 119,419 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Intuitive Machines by 36.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 486,752 shares of the company’s stock valued at $5,121,000 after acquiring an additional 129,896 shares during the period. SG Americas Securities LLC bought a new position in shares of Intuitive Machines in the 3rd quarter worth $3,134,000. Finally, Quantbot Technologies LP bought a new position in shares of Intuitive Machines in the 3rd quarter worth $4,696,000. 72.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LUNR. KeyCorp raised their price objective on Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Stifel Nicolaus set a $20.00 price target on shares of Intuitive Machines and gave the company a “hold” rating in a research report on Friday, January 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Intuitive Machines in a report on Thursday, January 22nd. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, February 17th. Finally, Canaccord Genuity Group boosted their price objective on shares of Intuitive Machines from $15.50 to $22.50 and gave the stock a “buy” rating in a research note on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.27.

Insider Transactions at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 23,226 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $405,061.44. Following the sale, the senior vice president owned 359,726 shares in the company, valued at $6,273,621.44. This represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 25,541 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total transaction of $445,435.04. Following the transaction, the chief financial officer directly owned 425,800 shares of the company’s stock, valued at $7,425,952. This represents a 5.66% 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 sold 3,689,913 shares of company stock worth $62,240,781. 39.75% of the stock is owned by company insiders.

Intuitive Machines Stock Performance

Intuitive Machines stock opened at $17.67 on Friday. The business’s 50-day simple moving average is $18.25 and its two-hundred day simple moving average is $13.25. The company has a market cap of $3.18 billion, a PE ratio of -7.15 and a beta of 1.40. Intuitive Machines, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $23.32.

Intuitive Machines 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.