237,776 Archer Aviation Inc. $ACHR Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its holdings in shares of Archer Aviation Inc. (NYSE:ACHR – Free Report) by 6,398.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 241,492 shares of the company’s stock after buying an additional 237,776 shares during the period. Fulcrum Asset Management LLP’s holdings in Archer Aviation were worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in Archer Aviation by 10.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 42,324 shares of the company’s stock worth $213,000 after acquiring an additional 3,925 shares during the last quarter. Carret Asset Management LLC boosted its stake in Archer Aviation by 6.7% in the third quarter. Carret Asset Management LLC now owns 149,520 shares of the company’s stock valued at $743,000 after acquiring an additional 9,350 shares during the period. J. Derek Lewis & Associates Inc. bought a new position in shares of Archer Aviation during the third quarter valued at approximately $396,000. Ethic Inc. grew its holdings in shares of Archer Aviation by 85.5% during the third quarter. Ethic Inc. now owns 121,432 shares of the company’s stock valued at $604,000 after purchasing an additional 55,980 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Archer Aviation by 59.9% during the third quarter. Parallel Advisors LLC now owns 16,724 shares of the company’s stock valued at $83,000 after purchasing an additional 6,267 shares during the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.

Insider Buying and Selling at Archer Aviation

In other Archer Aviation news, CFO Priya Gupta sold 10,015 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $6.41, for a total transaction of $64,196.15. Following the completion of the transaction, the chief financial officer owned 202,784 shares in the company, valued at approximately $1,299,845.44. The trade was a 4.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Harsh Rungta sold 13,880 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $6.41, for a total value of $88,970.80. Following the completion of the transaction, the chief accounting officer directly owned 110,847 shares of the company’s stock, valued at approximately $710,529.27. The trade was a 11.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 176,657 shares of company stock valued at $1,122,371 in the last quarter. Corporate insiders own 5.55% of the company’s stock.

Latest Archer Aviation News

Here’s some of the latest news about ACHR:

  • Positive Sentiment: Archer said its Midnight aircraft received an FAA market-survey certificate, enabling piloted operations in Los Angeles. The milestone advances testing and the company’s plans for 2027 passenger service, but it is not full type certification or authorization for regular commercial passenger flights. Los Angeles has also selected Archer as its air-taxi operator for the 2028 Olympics. Archer FAA certificate article
  • Positive Sentiment: ARK Invest bought about $6.3 million of Archer shares after the earnings release, signaling continued investor confidence in the eVTOL and certification opportunity. ARK Invest purchase article
  • Positive Sentiment: Third-quarter revenue exceeded estimates, and Archer ended the quarter with roughly $1.4 billion in cash. Management also pointed to progress on its Boeing-related acquisition and defense opportunities, which could broaden its business. Q3 earnings call highlights

Archer Aviation Stock Performance

ACHR opened at $4.87 on Thursday. The business’s 50 day moving average is $4.82 and its 200-day moving average is $5.67. The stock has a market cap of $3.75 billion, a PE ratio of -3.96 and a beta of 3.59. The company has a current ratio of 8.02, a quick ratio of 10.21 and a debt-to-equity ratio of 0.10. Archer Aviation Inc. has a twelve month low of $3.62 and a twelve month high of $9.29.

Archer Aviation (NYSE:ACHR – Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.01). Archer Aviation had a negative return on equity of 46.62% and a negative net margin of 7,869.17%. The business had revenue of $5.10 million during the quarter, compared to the consensus estimate of $3.57 million. During the same period last year, the company earned ($0.20) earnings per share. On average, analysts predict that Archer Aviation Inc. will post -1.37 earnings per share for the current year.

Analyst Ratings Changes

ACHR has been the topic of a number of research reports. Barclays upgraded Archer Aviation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $4.50 to $8.00 in a research report on Friday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Archer Aviation in a research report on Thursday, October 15th. HC Wainwright restated a “buy” rating on shares of Archer Aviation in a research note on Tuesday, August 11th. Cantor Fitzgerald lowered their price objective on Archer Aviation from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC dropped their target price on Archer Aviation from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.58.

View Our Latest Stock Analysis on ACHR

Archer Aviation Profile

(Free Report)

Archer Aviation is an aerospace company based in San Jose, California, that develops electric vertical takeoff and landing (eVTOL) aircraft and related services. Its aircraft are designed for short passenger trips, including potential air taxi routes between urban areas and nearby airports. The company’s primary aircraft is Midnight, a piloted eVTOL designed to carry four passengers and a pilot. Archer is working to bring the aircraft to commercial service, subject to regulatory approvals, and is pursuing operations in the United States and international markets.

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Institutional Ownership by Quarter for Archer Aviation (NYSE:ACHR)

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