SG Americas Securities LLC Sells 232,395 Shares of Intuitive Machines, Inc. $LUNR
by Kim Johansen · The Markets DailySG Americas Securities LLC cut its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR – Free Report) by 78.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 65,519 shares of the company’s stock after selling 232,395 shares during the period. SG Americas Securities LLC’s holdings in Intuitive Machines were worth $1,063,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of LUNR. GAMMA Investing LLC boosted its stake in Intuitive Machines by 41.5% in the fourth quarter. GAMMA Investing LLC now owns 2,661 shares of the company’s stock valued at $43,000 after acquiring an additional 781 shares during the last quarter. Quarry LP boosted its stake in Intuitive Machines by 151.4% in the third quarter. Quarry LP now owns 6,457 shares of the company’s stock valued at $68,000 after acquiring an additional 3,889 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Intuitive Machines in the third quarter worth $94,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Intuitive Machines in the third quarter worth $109,000. Finally, Axim Planning & Wealth acquired a new stake in Intuitive Machines in the third quarter worth $113,000. 72.21% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. KeyCorp increased their target price on shares of Intuitive Machines from $20.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Intuitive Machines from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, March 20th. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Stifel Nicolaus increased their target price on shares of Intuitive Machines from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Finally, Roth Mkm reiterated a “buy” rating on shares of Intuitive Machines in a report on Wednesday, February 25th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.94.
View Our Latest Research Report on LUNR
Insider Buying and Selling at Intuitive Machines
In related news, Director Kamal Seyed Ghaffarian sold 141,909 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $23.20, for a total transaction of $3,292,288.80. Following the sale, the director directly owned 3,494,768 shares in the company, valued at $81,078,617.60. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven Vontur sold 4,343 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total transaction of $75,741.92. Following the sale, the insider owned 117,047 shares in the company, valued at approximately $2,041,299.68. The trade was a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,397,311 shares of company stock valued at $27,242,918 over the last quarter. 39.75% of the stock is currently owned by corporate insiders.
Intuitive Machines Stock Up 2.9%
Shares of NASDAQ:LUNR opened at $23.39 on Thursday. Intuitive Machines, Inc. has a 12 month low of $6.75 and a 12 month high of $25.00. The company’s fifty day simple moving average is $18.51 and its 200 day simple moving average is $15.06. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of -31.61 and a beta of 1.31.
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last issued its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $44.79 million for the quarter, compared to analyst estimates of $53.37 million. Research analysts expect that Intuitive Machines, Inc. will post 0.73 earnings per share 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.
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