FORA Capital LLC Sells 7,748 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

FORA Capital LLC cut its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 13.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 49,094 shares of the company’s stock after selling 7,748 shares during the period. FORA Capital LLC’s holdings in Intuitive Machines were worth $892,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Intuitive Machines by 33.6% during the fourth quarter. Vanguard Group Inc. now owns 4,047,538 shares of the company’s stock valued at $73,503,000 after purchasing an additional 1,017,706 shares in the last quarter. Renaissance Technologies LLC raised its position in Intuitive Machines by 99.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,220,800 shares of the company’s stock worth $22,170,000 after buying an additional 609,118 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Intuitive Machines by 3,991.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,161,981 shares of the company’s stock valued at $21,102,000 after acquiring an additional 1,133,581 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Intuitive Machines by 20.5% during the 4th quarter. Geode Capital Management LLC now owns 1,125,005 shares of the company’s stock valued at $20,437,000 after acquiring an additional 191,733 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Intuitive Machines in the fourth quarter worth approximately $9,133,000. 72.21% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Machines Stock Down 1.2 %

NASDAQ LUNR opened at $9.24 on Friday. Intuitive Machines, Inc. has a 52 week low of $3.15 and a 52 week high of $24.95. The company has a market capitalization of $1.65 billion, a P/E ratio of -3.14 and a beta of 1.32. The stock’s 50-day moving average price is $8.13 and its 200-day moving average price is $13.00.

Intuitive Machines (NASDAQ:LUNR) last released its earnings results on Tuesday, March 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $54.66 million for the quarter, compared to the consensus estimate of $72.58 million. Research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current year.

Insider Activity at Intuitive Machines

In other news, insider Steven Vontur sold 4,528 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $19.60, for a total value of $88,748.80. Following the transaction, the insider now directly owns 104,272 shares in the company, valued at $2,043,731.20. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter Mcgrath sold 37,906 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.71, for a total value of $292,255.26. Following the sale, the chief financial officer now owns 438,992 shares of the company’s stock, valued at $3,384,628.32. This represents a 7.95 % decrease in their position. The disclosure for this sale can be found here. 73.68% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on LUNR. Canaccord Genuity Group dropped their target price on shares of Intuitive Machines from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, March 25th. Roth Mkm dropped their price target on Intuitive Machines from $20.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Cantor Fitzgerald reduced their price objective on Intuitive Machines from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Intuitive Machines in a research note on Tuesday, February 25th. They set a “hold” rating and a $18.00 price target for the company. Finally, Roth Capital set a $20.00 price objective on shares of Intuitive Machines in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Intuitive Machines Company 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.