Intuitive Machines, Inc. $LUNR Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 15.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,401 shares of the company’s stock after buying an additional 58,596 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Intuitive Machines were worth $4,686,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position in Intuitive Machines by 180.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 2,800 shares of the company’s stock worth $30,000 after acquiring an additional 1,800 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Intuitive Machines by 35.6% during the second quarter. Nisa Investment Advisors LLC now owns 4,292 shares of the company’s stock valued at $47,000 after purchasing an additional 1,127 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Intuitive Machines during the third quarter valued at about $94,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Intuitive Machines during the third quarter valued at about $109,000. Finally, Axim Planning & Wealth bought a new position in Intuitive Machines in the 3rd quarter valued at about $113,000. Institutional investors own 72.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LUNR shares. Stifel Nicolaus set a $20.00 price target on shares of Intuitive Machines and gave the stock a “hold” rating in a research report on Friday, January 9th. B. Riley Financial reiterated a “buy” rating on shares of Intuitive Machines in a report on Tuesday, February 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intuitive Machines in a research report on Thursday, January 22nd. Roth Mkm reissued a “buy” rating on shares of Intuitive Machines in a research note on Wednesday, February 25th. Finally, KeyCorp lifted their target price on Intuitive Machines from $20.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Intuitive Machines presently has an average rating of “Moderate Buy” and a consensus target price of $17.27.

Insider Transactions at Intuitive Machines

In related news, SVP Timothy Price Crain II sold 23,226 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $17.44, for a total value of $405,061.44. Following the transaction, the senior vice president owned 359,726 shares in the company, valued at approximately $6,273,621.44. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven Vontur sold 4,343 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $17.44, for a total transaction of $75,741.92. Following the transaction, the insider directly owned 117,047 shares in the company, valued at approximately $2,041,299.68. The trade was a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,689,913 shares of company stock worth $62,240,781. 39.75% of the stock is owned by corporate insiders.

Intuitive Machines Trading Up 9.2%

NASDAQ LUNR opened at $17.99 on Tuesday. Intuitive Machines, Inc. has a 1-year low of $6.14 and a 1-year high of $23.32. The firm’s fifty day simple moving average is $18.15 and its 200-day simple moving average is $13.12. The company has a market capitalization of $3.24 billion, a PE ratio of -7.28 and a beta of 1.40.

Intuitive Machines Company 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.