Havemeyer Place LP Buys New Holdings in Intuitive Machines, Inc. $LUNR

Havemeyer Place LP bought a new stake in Intuitive Machines, Inc. (NASDAQ:LUNR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 47,829 shares of the company’s stock, valued at approximately $776,000.

A number of other large investors have also modified their holdings of LUNR. Invesco Ltd. raised its stake in shares of Intuitive Machines by 19.7% in the first quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after purchasing an additional 2,643 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Intuitive Machines by 43.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock worth $184,000 after acquiring an additional 7,528 shares in the last quarter. Caxton Associates LLP acquired a new position in Intuitive Machines during the first quarter worth $139,000. Creative Planning raised its stake in Intuitive Machines by 29.3% during the second quarter. Creative Planning now owns 30,407 shares of the company’s stock worth $331,000 after acquiring an additional 6,886 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Intuitive Machines by 15.3% during the second quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock worth $205,000 after acquiring an additional 2,506 shares in the last quarter. 72.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LUNR has been the subject of several recent analyst reports. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Canaccord Genuity Group increased their price objective on Intuitive Machines from $24.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $32.00 price objective on Intuitive Machines in a research note on Friday, May 15th. Cantor Fitzgerald increased their price objective on Intuitive Machines from $26.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $34.00 price objective on shares of Intuitive Machines in a research note on Wednesday, May 20th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Intuitive Machines currently has an average rating of “Hold” and a consensus target price of $31.50.

Insider Buying and Selling

In other news, CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the completion of the sale, the chief financial officer directly owned 401,246 shares in the company, valued at approximately $9,473,418.06. This trade represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director William John Liquori, Jr. sold 18,321 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $29.87, for a total value of $547,248.27. Following the completion of the sale, the director owned 68,875 shares of the company’s stock, valued at approximately $2,057,296.25. This trade represents a 21.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,208,436 shares of company stock valued at $30,867,376 in the last 90 days. 54.10% of the stock is owned by corporate insiders.

Intuitive Machines Stock Performance

Shares of NASDAQ:LUNR opened at $29.74 on Tuesday. Intuitive Machines, Inc. has a twelve month low of $7.78 and a twelve month high of $46.75. The firm has a market cap of $6.45 billion, a PE ratio of -33.80 and a beta of 1.68. The business has a fifty day moving average of $29.11 and a 200-day moving average of $20.79.

Intuitive Machines (NASDAQ:LUNR) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The firm had revenue of $186.73 million during the quarter, compared to the consensus estimate of $202.95 million. On average, analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

About Intuitive Machines

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.