MYDA Advisors LLC acquired a new stake in AIRO Group Holdings, Inc. (NASDAQ:AIRO – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 240,000 shares of the company’s stock, valued at approximately $1,963,000. MYDA Advisors LLC owned approximately 0.77% of AIRO Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Woodline Partners LP raised its holdings in shares of AIRO Group by 41.0% in the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock valued at $52,859,000 after purchasing an additional 800,456 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of AIRO Group in the 3rd quarter valued at $15,030,000. HighTower Advisors LLC grew its position in shares of AIRO Group by 936.8% in the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after buying an additional 601,924 shares during the last quarter. Vanguard Group Inc. grew its position in shares of AIRO Group by 406.0% in the 3rd quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after buying an additional 405,951 shares during the last quarter. Finally, UBS Group AG grew its position in shares of AIRO Group by 246.9% in the 3rd quarter. UBS Group AG now owns 250,733 shares of the company’s stock valued at $4,814,000 after buying an additional 178,460 shares during the last quarter.
Insider Transactions at AIRO Group
In other AIRO Group news, COO John Uczekaj sold 3,415 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.84, for a total transaction of $30,188.60. Following the transaction, the chief operating officer directly owned 20,111 shares of the company’s stock, valued at approximately $177,781.24. This trade represents a 14.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
AIRO Group Stock Performance
AIRO Group (NASDAQ:AIRO – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. AIRO Group had a negative return on equity of 2.44% and a negative net margin of 19.98%.The business had revenue of $8.90 million for the quarter. As a group, equities analysts expect that AIRO Group Holdings, Inc. will post -0.63 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Zacks Research raised shares of AIRO Group to a “hold” rating in a research report on Wednesday, April 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a research report on Friday, May 29th. BTIG Research reaffirmed a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Finally, Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $19.67.
Get Our Latest Research Report on AIRO Group
About AIRO Group
We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.
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