X Square Capital LLC Acquires New Holdings in Intuitive Machines, Inc. $LUNR

X Square Capital LLC acquired a new stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 101,000 shares of the company’s stock, valued at approximately $1,639,000. X Square Capital LLC owned approximately 0.06% of Intuitive Machines as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC raised its position in Intuitive Machines by 38.5% in the fourth quarter. LPL Financial LLC now owns 80,680 shares of the company’s stock worth $1,309,000 after acquiring an additional 22,448 shares in the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in Intuitive Machines in the fourth quarter worth about $162,000. Los Angeles Capital Management LLC raised its position in Intuitive Machines by 70.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 26,163 shares of the company’s stock worth $425,000 after acquiring an additional 10,839 shares in the last quarter. Havemeyer Place LP bought a new stake in Intuitive Machines in the fourth quarter worth about $776,000. Finally, WINTON GROUP Ltd bought a new stake in Intuitive Machines in the fourth quarter worth about $1,908,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Stock Up 1.3%

Shares of LUNR stock opened at $29.74 on Tuesday. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75. The firm has a market cap of $6.45 billion, a PE ratio of -33.80 and a beta of 1.68. The stock has a 50 day moving average of $29.11 and a 200-day moving average of $20.79.

Intuitive Machines (NASDAQ:LUNR) last issued its 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 company had revenue of $186.73 million during the quarter, compared to analyst estimates of $202.95 million. As a group, equities analysts predict that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stifel Nicolaus set a $32.00 price target on shares of Intuitive Machines in a research report on Friday, May 15th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Roth Mkm lifted their target price on Intuitive Machines from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, April 17th. B. Riley Financial boosted their price target on Intuitive Machines to $45.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group boosted their price target on Intuitive Machines from $24.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Insiders Place Their Bets

In related news, CFO Peter Mcgrath sold 24,554 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $23.61, for a total value of $579,719.94. Following the completion of the transaction, the chief financial officer directly owned 401,246 shares in the company, valued at approximately $9,473,418.06. This represents a 5.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Timothy Price Crain II sold 150,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.55, for a total value of $2,632,500.00. Following the completion of the transaction, the senior vice president owned 359,726 shares of the company’s stock, valued at $6,313,191.30. The trade was a 29.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,208,436 shares of company stock valued at $30,867,376 in the last ninety days. 54.10% of the stock is currently owned by insiders.

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.