Harbour Capital Advisors LLC Takes $904,000 Position in Intuitive Machines, Inc. (NASDAQ:LUNR)

Harbour Capital Advisors LLC purchased a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 49,765 shares of the company’s stock, valued at approximately $904,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LUNR. Barclays PLC increased its stake in Intuitive Machines by 275.2% during the 3rd quarter. Barclays PLC now owns 37,323 shares of the company’s stock worth $300,000 after buying an additional 27,376 shares during the period. Geode Capital Management LLC increased its position in shares of Intuitive Machines by 31.2% during the third quarter. Geode Capital Management LLC now owns 933,272 shares of the company’s stock worth $7,514,000 after acquiring an additional 222,136 shares during the last quarter. Savoie Capital LLC acquired a new position in shares of Intuitive Machines in the third quarter worth about $112,000. State Street Corp boosted its holdings in Intuitive Machines by 1.3% in the third quarter. State Street Corp now owns 576,051 shares of the company’s stock valued at $4,637,000 after purchasing an additional 7,538 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Intuitive Machines during the 3rd quarter worth approximately $525,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Kamal Seyed Ghaffarian sold 377,973 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $15.04, for a total value of $5,684,713.92. Following the completion of the sale, the director now owns 3,494,768 shares of the company’s stock, valued at $52,561,310.72. This represents a 9.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Timothy Price Crain II sold 400,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.10, for a total transaction of $4,840,000.00. Following the completion of the transaction, the senior vice president now owns 362,810 shares of the company’s stock, valued at $4,390,001. This represents a 52.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,954,713 shares of company stock valued at $24,475,385 in the last quarter. Company insiders own 73.68% of the company’s stock.

Intuitive Machines Trading Down 6.3 %

LUNR traded down $1.13 during trading on Monday, reaching $16.74. 9,311,878 shares of the company were exchanged, compared to its average volume of 15,925,323. Intuitive Machines, Inc. has a 52 week low of $2.48 and a 52 week high of $22.32. The firm has a 50 day moving average of $14.18 and a 200 day moving average of $8.67. The stock has a market cap of $2.35 billion, a P/E ratio of -5.69 and a beta of 0.90.

Analyst Upgrades and Downgrades

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

About Intuitive Machines

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.