Intuitive Machines, Inc. $LUNR Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. cut its holdings in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 8.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 386,805 shares of the company’s stock after selling 37,982 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.22% of Intuitive Machines worth $4,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LUNR. Vanguard Group Inc. raised its holdings in Intuitive Machines by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company’s stock worth $32,939,000 after purchasing an additional 373,741 shares during the period. Gotham Asset Management LLC purchased a new stake in shares of Intuitive Machines in the first quarter valued at approximately $15,739,000. Voya Investment Management LLC purchased a new stake in shares of Intuitive Machines in the first quarter valued at approximately $11,311,000. ARK Investment Management LLC raised its stake in shares of Intuitive Machines by 56.1% during the 2nd quarter. ARK Investment Management LLC now owns 1,158,775 shares of the company’s stock worth $12,596,000 after buying an additional 416,337 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Intuitive Machines during the 1st quarter valued at approximately $3,808,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Intuitive Machines Stock Down 7.3%

Shares of LUNR opened at $8.66 on Friday. Intuitive Machines, Inc. has a 52-week low of $6.14 and a 52-week high of $24.95. The stock has a market cap of $1.55 billion, a PE ratio of -2.67 and a beta of 1.42. The firm’s fifty day moving average is $10.76 and its two-hundred day moving average is $10.61.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LUNR shares. Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a research note on Tuesday, November 4th. Craig Hallum began coverage on shares of Intuitive Machines in a report on Tuesday, July 22nd. They set a “buy” rating and a $17.00 price objective on the stock. Bank of America dropped their target price on shares of Intuitive Machines from $10.50 to $8.50 and set an “underperform” rating on the stock in a research report on Monday, August 25th. Deutsche Bank Aktiengesellschaft set a $18.00 price target on shares of Intuitive Machines and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $16.00 price target on shares of Intuitive Machines in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Intuitive Machines currently has a consensus rating of “Moderate Buy” and an average price target of $15.40.

Intuitive Machines 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.