Entropy Technologies LP Makes New Investment in Intuitive Machines, Inc. (NASDAQ:LUNR)

Entropy Technologies LP bought a new position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR) during the 4th quarter, HoldingsChannel reports. The firm bought 49,297 shares of the company’s stock, valued at approximately $895,000.

A number of other institutional investors have also added to or reduced their stakes in LUNR. Spire Wealth Management bought a new stake in shares of Intuitive Machines during the 4th quarter valued at about $469,000. SG Americas Securities LLC boosted its position in Intuitive Machines by 55.7% during the 4th quarter. SG Americas Securities LLC now owns 18,046 shares of the company’s stock valued at $328,000 after buying an additional 6,454 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of Intuitive Machines during the fourth quarter worth about $454,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Intuitive Machines by 144.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 57,463 shares of the company’s stock worth $1,044,000 after buying an additional 33,939 shares during the period. Finally, Connective Portfolio Management LLC bought a new stake in Intuitive Machines in the fourth quarter valued at $872,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

Analysts Set New Price Targets

LUNR has been the topic of several research reports. Bank of America initiated coverage on Intuitive Machines in a research report on Wednesday, February 5th. They set an “underperform” rating and a $16.00 price target on the stock. Canaccord Genuity Group raised their price target on shares of Intuitive Machines from $17.50 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Benchmark boosted their target price on Intuitive Machines from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Cantor Fitzgerald boosted 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. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.83.

Insider Buying and Selling

In related news, insider Steven Vontur sold 9,266 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $22.50, for a total value of $208,485.00. Following the completion of the transaction, the insider now owns 98,656 shares of the company’s stock, valued at $2,219,760. The trade was a 8.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen J. Altemus sold 138,568 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $11.10, for a total value of $1,538,104.80. Following the sale, the chief executive officer now directly owns 910,919 shares in the company, valued at $10,111,200.90. This trade represents a 13.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,305,672 shares of company stock valued at $19,236,434 in the last 90 days. Company insiders own 73.68% of the company’s stock.

Intuitive Machines Stock Up 8.3 %

LUNR stock opened at $19.93 on Tuesday. Intuitive Machines, Inc. has a twelve month low of $3.15 and a twelve month high of $24.95. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -6.78 and a beta of 0.92. The firm’s fifty day simple moving average is $17.57 and its two-hundred day simple moving average is $10.98.

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.