Intuitive Machines, Inc. $LUNR Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 71.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,814 shares of the company’s stock after acquiring an additional 62,715 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.08% of Intuitive Machines worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LUNR. AlphaQuest LLC grew its position in shares of 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 purchasing an additional 44,483 shares during the period. LBP AM SA grew its position in Intuitive Machines by 87.2% during the third 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 during the period. Y Intercept Hong Kong Ltd grew its position in Intuitive Machines by 10.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 128,300 shares of the company’s stock valued at $1,350,000 after acquiring an additional 12,003 shares during the period. Palisades Investment Partners LLC increased its stake in Intuitive Machines by 1.9% during the third quarter. Palisades Investment Partners LLC now owns 398,571 shares of the company’s stock worth $4,193,000 after acquiring an additional 7,331 shares during the last quarter. Finally, Olympiad Research LP raised 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 worth $274,000 after purchasing an additional 8,638 shares during the period. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Stephen J. Altemus sold 1,958,593 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $15.77, for a total transaction of $30,887,011.61. Following the completion of the transaction, the chief executive officer directly owned 1,026,402 shares in the company, valued at approximately $16,186,359.54. This represents a 65.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy Price Crain II sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $16.04, for a total transaction of $3,208,000.00. Following the sale, the senior vice president directly owned 298,435 shares of the company’s stock, valued at $4,786,897.40. The trade was a 40.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,550,000 shares of company stock worth $59,924,826. Insiders own 39.75% of the company’s stock.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $15.72 on Friday. The company’s fifty day moving average price is $16.91 and its two-hundred day moving average price is $12.54. The firm has a market capitalization of $2.83 billion, a P/E ratio of -6.36 and a beta of 1.37. Intuitive Machines, Inc. has a 12 month low of $6.14 and a 12 month high of $23.32.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stifel Nicolaus set a $20.00 target price on Intuitive Machines and gave the stock a “hold” rating in a report on Friday, January 9th. B. Riley Financial lifted their price target on shares of Intuitive Machines from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Bank of America boosted their price objective on shares of Intuitive Machines from $8.50 to $9.50 and gave the stock an “underperform” rating in a research note on Wednesday, November 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Finally, KeyCorp lifted their target price on shares of Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Intuitive Machines has a consensus rating of “Moderate Buy” and a consensus price target of $17.27.

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.