Bank of America Corp DE Buys 1,231,188 Shares of Intuitive Machines, Inc. $LUNR

Bank of America Corp DE raised its stake in Intuitive Machines, Inc. (NASDAQ:LUNR) by 188.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,882,973 shares of the company’s stock after buying an additional 1,231,188 shares during the period. Bank of America Corp DE owned about 0.87% of Intuitive Machines worth $34,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $28,000. State of Wyoming acquired a new stake in Intuitive Machines in the first quarter valued at approximately $39,000. Larson Financial Group LLC grew its stake in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock valued at $43,000 after acquiring an additional 1,016 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company’s stock valued at $52,000 after acquiring an additional 712 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after acquiring an additional 2,337 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company’s stock.

Several research analysts recently issued reports on the company. Roth Capital set a $30.00 target price on Intuitive Machines in a research report on Thursday. Zacks Research upgraded shares of Intuitive Machines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Stifel Nicolaus raised shares of Intuitive Machines from a “hold” rating to a “buy” rating and lowered their price target for the company from $32.00 to $26.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $34.00 price target on shares of Intuitive Machines in a research report on Wednesday, May 20th. Finally, KeyCorp lifted their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.31.

In related news, major shareholder International L.P. Advent sold 11,495,514 shares of Intuitive Machines stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total value of $147,602,399.76. Following the sale, the insider directly owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 150,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $21.87, for a total value of $3,280,500.00. Following the completion o...