Healthcare of Ontario Pension Plan Trust Fund Grows Holdings in Intuitive Machines, Inc. $LUNR

Healthcare of Ontario Pension Plan Trust Fund raised its position in Intuitive Machines, Inc. (NASDAQ:LUNR) by 202.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 461,564 shares of the company’s stock after buying an additional 308,755 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Intuitive Machines were worth $8,567,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Trustees of the University of Pennsylvania bought a new stake in Intuitive Machines during the fourth quarter worth $52,689,000. UBS Group AG boosted its holdings in shares of Intuitive Machines by 22.0% in the 4th quarter. UBS Group AG now owns 3,095,383 shares of the company’s stock worth $50,238,000 after buying an additional 557,517 shares during the last quarter. Geode Capital Management LLC grew its position in Intuitive Machines by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,735,161 shares of the company’s stock valued at $44,399,000 after buying an additional 61,084 shares during the period. Bank of America Corp DE increased its holdings in Intuitive Machines by 18.4% during the third quarter. Bank of America Corp DE now owns 2,677,305 shares of the company’s stock worth $28,165,000 after buying an additional 415,359 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Intuitive Machines by 3,582.9% in the third quarter. First Trust Advisors LP now owns 2,453,301 shares of the company’s stock worth $25,809,000 after acquiring an additional 2,386,688 shares during the period. 72.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Intuitive Machines

In other Intuitive Machines news, Director Kamal Seyed Ghaffarian sold 141,909 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $20.43, for a total transaction of $2,899,200.87. Following the completion of the transaction, the director owned 3,494,768 shares of the company’s stock, valued at $71,398,110.24. This represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Price Crain II sold 150,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $21.87, for a total value of $3,280,500.00. Following the completion of the sale, the senior vice president directly owned 351,279 shares of the company’s stock, valued at $7,682,471.73. The trade was a 29.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 877,866 shares of company stock worth $24,403,134. 54.10% of the stock is currently owned by insiders.

Intuitive Machines Price Performance

Shares of NASDAQ:LUNR opened at $12.37 on Wednesday. The company’s fifty day moving average price is $23.96 and its 200-day moving average price is $22.37. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -14.06 and a beta of 1.78. Intuitive Machines, Inc. has a one year low of $7.78 and a one year high of $46.75.

Intuitive Machines (NASDAQ:LUNR) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). The firm had revenue of $186.73 million during the quarter, compared to analysts’ expectations of $202.95 million. As a group, equities research analysts expect that Intuitive Machines, Inc. will post -0.36 EPS for the current year.

Wall Street Analyst Weigh In

LUNR has been the subject of a number of recent research reports. KeyCorp raised their target price on Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. B. Riley Financial reissued a “buy” rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $26.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Stifel Nicolaus set a $32.00 price objective on shares of Intuitive Machines in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research report on Wednesday, May 20th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.31.

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.