Waterloo Capital L.P. Has $173,000 Stock Position in Intuitive Machines, Inc. $LUNR

Waterloo Capital L.P. decreased its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 61.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,687 shares of the company’s stock after selling 17,228 shares during the quarter. Waterloo Capital L.P.’s holdings in Intuitive Machines were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LUNR. Invesco Ltd. boosted its position in shares of Intuitive Machines by 19.7% in the 1st quarter. Invesco Ltd. now owns 16,092 shares of the company’s stock valued at $120,000 after purchasing an additional 2,643 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Intuitive Machines by 43.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,715 shares of the company’s stock valued at $184,000 after purchasing an additional 7,528 shares during the period. Caxton Associates LLP acquired a new position in shares of Intuitive Machines in the 1st quarter valued at $139,000. Creative Planning boosted its position in shares of Intuitive Machines by 29.3% in the 2nd quarter. Creative Planning now owns 30,407 shares of the company’s stock valued at $331,000 after purchasing an additional 6,886 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Intuitive Machines by 15.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,835 shares of the company’s stock valued at $205,000 after purchasing an additional 2,506 shares during the period. Institutional investors and hedge funds own 72.21% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Peter Mcgrath sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total transaction of $579,719.94. Following the completion of the sale, the chief financial officer directly owned 401,246 shares of the company’s stock, valued at $9,473,418.06. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $34.25, for a total value of $4,860,383.25. Following the sale, the director directly owned 3,494,768 shares of the company’s stock, valued at $119,695,804. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,048,206 shares of company stock valued at $24,782,839. 54.10% of the stock is owned by insiders.

Intuitive Machines Trading Up 3.6%

Shares of NASDAQ LUNR opened at $39.57 on Wednesday. Intuitive Machines, Inc. has a one year low of $7.78 and a one year high of $46.75. The firm has a market capitalization of $8.59 billion, a PE ratio of -44.97 and a beta of 1.68. The business has a 50-day moving average price of $27.71 and a two-hundred day moving average price of $19.94.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LUNR shares. Canaccord Genuity Group increased their price target on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Zacks Research lowered Intuitive Machines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research report on Wednesday, May 20th. KeyCorp raised their price objective on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Roth Mkm raised their price objective on Intuitive Machines from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Intuitive Machines has a consensus rating of “Hold” and an average target price of $31.50.

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.