UBS Group AG grew its holdings in Archer Aviation Inc. (NYSE:ACHR – Free Report) by 36.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,309,996 shares of the company’s stock after purchasing an additional 618,954 shares during the period. UBS Group AG’s holdings in Archer Aviation were worth $17,371,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of ACHR. Johnson Investment Counsel Inc. acquired a new stake in shares of Archer Aviation during the 3rd quarter valued at $29,000. Bank of Jackson Hole Trust boosted its holdings in shares of Archer Aviation by 45.9% during the 3rd quarter. Bank of Jackson Hole Trust now owns 3,136 shares of the company’s stock valued at $30,000 after acquiring an additional 986 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Archer Aviation by 105.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,318 shares of the company’s stock valued at $36,000 after acquiring an additional 1,702 shares in the last quarter. Center for Financial Planning Inc. boosted its holdings in shares of Archer Aviation by 138.8% during the 3rd quarter. Center for Financial Planning Inc. now owns 3,510 shares of the company’s stock valued at $34,000 after acquiring an additional 2,040 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Archer Aviation during the 1st quarter valued at $27,000. Institutional investors own 59.34% of the company’s stock.
Wall Street Analyst Weigh In
ACHR has been the topic of several recent research reports. Needham & Company LLC cut their price objective on Archer Aviation from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Canaccord Genuity Group cut their price objective on Archer Aviation from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Archer Aviation in a report on Monday, April 20th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.83.
Insider Activity
In other Archer Aviation news, CTO Thomas Paul Muniz sold 94,725 shares of Archer Aviation stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $6.46, for a total transaction of $611,923.50. Following the transaction, the chief technology officer directly owned 1,345,430 shares of the company’s stock, valued at approximately $8,691,477.80. The trade was a 6.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Lentell sold 37,390 shares of Archer Aviation stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $6.46, for a total value of $241,539.40. Following the transaction, the insider directly owned 139,483 shares in the company, valued at $901,060.18. The trade was a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 255,750 shares of company stock worth $1,645,333. 7.65% of the stock is owned by corporate insiders.
Key Archer Aviation News
Here are the key news stories impacting Archer Aviation this week:
- Positive Sentiment: Archer said it became the first eVTOL company to clear FAA Phase 3 of the four-phase Type Certification process, a key regulatory milestone that strengthens the case for a near-term commercial launch. Archer Becomes First eVTOL Company to Clear FAA Phase 3
- Positive Sentiment: Management reiterated that U.S. commercial air-taxi flights could begin this year, which keeps the market focused on Archer’s path from development story to revenue-generating operator. Air Taxi: Archer, Joby Expect to Begin Commercial Air Taxi Flights in US Cities This Year
- Positive Sentiment: Several reports highlighted 24/7 Wall St.’s bullish price target view, implying significant upside if certification and operations continue to advance. Price Prediction: Archer Aviation Eyes 84% Upside
- Neutral Sentiment: Archer’s Q1 results showed rising revenue and continued cost discipline, but the company is still posting large losses and heavy cash burn as it invests in certification and aircraft development. Archer Aviation (ACHR) Is Up 13.3% After FAA Phase 3 eVTOL Milestone Amid Ongoing Losses
- Neutral Sentiment: The company also expanded operations at Hawthorne Airport and continues to secure partnerships, which supports its long-term commercialization story but does not yet solve profitability concerns. Archer Aviation Q1 Revenue Surges, Expanding Operations at Hawthorne Airport
- Negative Sentiment: Investors are still weighing a wider-than-expected quarterly loss and revenue miss, along with the need for continued funding before commercial flights can scale. Archer Aviation Inc. (ACHR) Reports Q1 Loss, Misses Revenue Estimates
Archer Aviation Stock Down 2.5%
Shares of ACHR opened at $6.38 on Wednesday. The company has a market capitalization of $4.75 billion, a PE ratio of -5.80 and a beta of 3.13. Archer Aviation Inc. has a 12 month low of $4.80 and a 12 month high of $14.62. The stock’s 50-day moving average price is $5.92 and its two-hundred day moving average price is $7.39. The company has a current ratio of 19.89, a quick ratio of 19.89 and a debt-to-equity ratio of 0.05.
Archer Aviation (NYSE:ACHR – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The business had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $1.66 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. On average, analysts anticipate that Archer Aviation Inc. will post -1.51 EPS for the current year.
Archer Aviation Profile
Archer Aviation, Inc (NYSE: ACHR) is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company’s flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.
Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.
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