Tema ETFs LLC Acquires 3,102,854 Shares of Intuitive Machines, Inc. $LUNR

Tema ETFs LLC boosted its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 139,768.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,105,074 shares of the company’s stock after acquiring an additional 3,102,854 shares during the quarter. Intuitive Machines accounts for approximately 2.1% of Tema ETFs LLC’s investment portfolio, making the stock its 8th biggest holding. Tema ETFs LLC owned 1.43% of Intuitive Machines worth $66,418,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LUNR. Trustees of the University of Pennsylvania bought a new position in shares of Intuitive Machines in the fourth quarter valued at approximately $52,689,000. UBS Group AG boosted its position in shares of Intuitive Machines by 22.0% during the fourth quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock valued at $50,238,000 after buying an additional 557,517 shares during the last quarter. Geode Capital Management LLC grew its holdings in Intuitive Machines by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock worth $44,399,000 after buying an additional 61,084 shares in the last quarter. Bank of America Corp DE grew its holdings in Intuitive Machines by 18.4% during the third quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after buying an additional 415,359 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Intuitive Machines by 3,582.9% in the 3rd quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock valued at $25,809,000 after buying an additional 2,386,688 shares during the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $16.48 on Wednesday. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -18.73 and a beta of 1.83. The company’s fifty day simple moving average is $19.04 and its two-hundred day simple moving average is $21.96. Intuitive Machines, Inc. has a 1 year low of $7.78 and a 1 year high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) EPS 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 analysts’ expectations of $202.95 million. Equities research analysts anticipate that Intuitive Machines, Inc. will post -0.35 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder International L.P. Advent sold 11,495,514 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $12.84, for a total value of $147,602,399.76. Following the completion of the transaction, the insider directly owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy Price Crain II sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $21.87, for a total transaction of $3,280,500.00. Following the transaction, the senior vice president directly owned 351,279 shares of the company’s stock, valued at approximately $7,682,471.73. This represents a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,278,774 shares of company stock worth $169,062,341 over the last quarter. 54.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LUNR has been the topic of several recent analyst reports. Canaccord Genuity Group raised their price objective on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. KeyCorp upped their target price on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Roth Capital increased their target price on shares of Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wall Street Zen raised shares of Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, B. Riley Financial restated a “buy” rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.31.

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.