Rhumbline Advisers Has $1.78 Million Position in Intuitive Machines, Inc. $LUNR

Rhumbline Advisers boosted its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 213.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 163,833 shares of the company’s stock after buying an additional 111,573 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of Intuitive Machines worth $1,781,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LUNR. Vanguard Group Inc. increased its position in Intuitive Machines by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company’s stock valued at $32,939,000 after acquiring an additional 373,741 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Intuitive Machines by 27.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company’s stock worth $1,045,000 after purchasing an additional 30,447 shares during the last quarter. Deutsche Bank AG increased its holdings in Intuitive Machines by 92.1% in the first quarter. Deutsche Bank AG now owns 34,475 shares of the company’s stock valued at $257,000 after purchasing an additional 16,528 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Intuitive Machines by 37.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 424,787 shares of the company’s stock valued at $3,165,000 after purchasing an additional 116,435 shares during the period. Finally, Swiss National Bank bought a new position in Intuitive Machines during the 1st quarter worth $1,203,000. 72.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on LUNR. Canaccord Genuity Group reduced their price target on Intuitive Machines from $18.50 to $15.50 and set a “buy” rating on the stock in a research report on Friday, November 7th. Stifel Nicolaus initiated coverage on Intuitive Machines in a research note on Monday, November 3rd. They issued a “buy” rating and a $18.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $18.00 target price on Intuitive Machines and gave the company a “buy” rating in a report on Friday, October 17th. UBS Group restated a “buy” rating on shares of Intuitive Machines in a report on Monday, August 18th. Finally, Roth Capital restated a “buy” rating on shares of Intuitive Machines in a research report on Tuesday, November 4th. Ten equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Intuitive Machines has a consensus rating of “Moderate Buy” and an average target price of $15.50.

Intuitive Machines Price Performance

LUNR stock opened at $11.66 on Wednesday. The company’s 50-day moving average is $10.86 and its 200-day moving average is $10.55. The stock has a market capitalization of $2.10 billion, a PE ratio of -4.72 and a beta of 1.44. Intuitive Machines, Inc. has a 1 year low of $6.14 and a 1 year high of $24.95.

Insider Buying and Selling

In other Intuitive Machines news, Director Michael Blitzer purchased 100,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was acquired at an average price of $8.83 per share, for a total transaction of $883,000.00. Following the purchase, the director owned 1,931,248 shares of the company’s stock, valued at $17,052,919.84. This trade represents a 5.46% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 39.75% of the company’s stock.

About Intuitive Machines

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.