Tealwood Asset Management Inc. Grows Holdings in Intuitive Machines, Inc. (NASDAQ:LUNR)

Tealwood Asset Management Inc. grew its stake in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) by 4.5% in the fourth quarter, Holdings Channel reports. The firm owned 20,900 shares of the company’s stock after acquiring an additional 900 shares during the period. Tealwood Asset Management Inc.’s holdings in Intuitive Machines were worth $380,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its position in Intuitive Machines by 1.3% in the 3rd quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after buying an additional 7,538 shares during the period. Waldron Private Wealth LLC bought a new stake in shares of Intuitive Machines during the third quarter valued at approximately $83,000. Wedbush Securities Inc. purchased a new stake in shares of Intuitive Machines in the second quarter valued at approximately $35,000. The Manufacturers Life Insurance Company bought a new position in Intuitive Machines in the third quarter worth approximately $85,000. Finally, SG Americas Securities LLC purchased a new position in Intuitive Machines during the 3rd quarter worth $93,000. 72.21% of the stock is currently owned by institutional investors.

Intuitive Machines Price Performance

Shares of LUNR stock opened at $16.91 on Tuesday. The stock’s fifty day moving average price is $14.36 and its 200 day moving average price is $8.76. Intuitive Machines, Inc. has a 1-year low of $2.48 and a 1-year high of $22.32. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -5.75 and a beta of 0.90.

Analyst Ratings Changes

LUNR has been the subject of several research reports. Benchmark upped their target price on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Cantor Fitzgerald increased their target price on shares of Intuitive Machines from $10.00 to $15.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Canaccord Genuity Group boosted their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price target on shares of Intuitive Machines in a research report on Wednesday, September 18th. Finally, B. Riley lifted their price objective on shares of Intuitive Machines from $8.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Intuitive Machines has an average rating of “Buy” and an average target price of $15.80.

Insider Transactions at Intuitive Machines

In related news, Director Kamal Seyed Ghaffarian sold 177,734 shares of Intuitive Machines stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $7.93, for a total value of $1,409,430.62. Following the completion of the sale, the director now directly owns 3,494,768 shares in the company, valued at $27,713,510.24. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy Price Crain II sold 400,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the sale, the senior vice president now directly owns 362,810 shares in the company, valued at approximately $4,390,001. This represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,954,713 shares of company stock worth $24,475,385. Insiders own 73.68% of the company’s stock.

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.