Headlands Technologies LLC Sells 237,106 Shares of Intuitive Machines, Inc. (NASDAQ:LUNR)

Headlands Technologies LLC trimmed its holdings in Intuitive Machines, Inc. (NASDAQ:LUNR) by 97.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,955 shares of the company’s stock after selling 237,106 shares during the quarter. Headlands Technologies LLC’s holdings in Intuitive Machines were worth $52,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Intuitive Machines by 27.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,208 shares of the company’s stock valued at $1,045,000 after buying an additional 30,447 shares during the last quarter. Warburton Capital Management LLC bought a new position in shares of Intuitive Machines in the first quarter valued at about $149,000. Vanguard Group Inc. raised its holdings in shares of Intuitive Machines by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,421,279 shares of the company’s stock valued at $32,939,000 after buying an additional 373,741 shares during the last quarter. IPG Investment Advisors LLC bought a new position in shares of Intuitive Machines in the first quarter valued at about $89,000. Finally, XTX Topco Ltd raised its holdings in shares of Intuitive Machines by 1,207.6% in the first quarter. XTX Topco Ltd now owns 156,998 shares of the company’s stock valued at $1,170,000 after buying an additional 144,991 shares during the last quarter. 72.21% of the stock is owned by institutional investors.

Intuitive Machines Trading Up 3.1%

Intuitive Machines stock opened at $10.46 on Wednesday. The firm has a market capitalization of $1.87 billion, a P/E ratio of -3.23 and a beta of 1.40. Intuitive Machines, Inc. has a 1 year low of $3.40 and a 1 year high of $24.95. The business has a 50-day moving average of $11.05 and a 200-day moving average of $11.54.

Intuitive Machines (NASDAQ:LUNR) last posted its earnings results on Thursday, August 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The firm had revenue of $50.31 million during the quarter, compared to the consensus estimate of $69.19 million. Research analysts anticipate that Intuitive Machines, Inc. will post 0.73 EPS for the current fiscal year.

Insider Activity

In related news, Director Kamal Seyed Ghaffarian sold 80,508 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $12.05, for a total value of $970,121.40. Following the completion of the transaction, the director directly owned 3,494,768 shares in the company, valued at approximately $42,111,954.40. The trade was a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 201,270 shares of company stock valued at $2,481,659. 39.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays assumed coverage on Intuitive Machines in a report on Thursday, May 22nd. They set a “neutral” rating for the company. Cantor Fitzgerald boosted their price objective on Intuitive Machines from $13.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, May 14th. Canaccord Genuity Group dropped their price objective on Intuitive Machines from $21.50 to $19.00 and set a “buy” rating for the company in a report on Friday, August 8th. Bank of America dropped their price objective on Intuitive Machines from $16.00 to $10.50 and set an “underperform” rating for the company in a report on Wednesday, July 16th. Finally, Roth Capital reissued a “buy” rating on shares of Intuitive Machines in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.35.

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.