Vestor Capital LLC purchased a new position in shares of Archer Aviation Inc. (NYSE:ACHR – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $61,000.
Several other large investors have also added to or reduced their stakes in ACHR. Vanguard Group Inc. raised its holdings in shares of Archer Aviation by 20.1% during the third quarter. Vanguard Group Inc. now owns 8,324,725 shares of the company’s stock worth $42,123,000 after purchasing an additional 1,394,872 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Archer Aviation by 11.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 111,163 shares of the company’s stock valued at $693,000 after buying an additional 11,163 shares during the period. Jump Financial LLC purchased a new stake in shares of Archer Aviation in the third quarter worth about $1,170,000. ARK Investment Management LLC grew its holdings in Archer Aviation by 4.7% during the fourth quarter. ARK Investment Management LLC now owns 24,907,280 shares of the company’s stock worth $152,931,000 after acquiring an additional 1,116,908 shares during the period. Finally, Citigroup Inc. raised its position in Archer Aviation by 24.3% during the third quarter. Citigroup Inc. now owns 186,475 shares of the company’s stock valued at $944,000 after acquiring an additional 36,509 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company’s stock.
Insider Activity
In other news, major shareholder N.V. Stellantis bought 800,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $4.60 per share, for a total transaction of $3,680,000.00. Following the completion of the transaction, the insider now owns 35,451,720 shares of the company’s stock, valued at $163,077,912. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders purchased 3,150,000 shares of company stock worth $15,724,500. Corporate insiders own 27.17% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on Archer Aviation
Archer Aviation Stock Up 0.9 %
NYSE:ACHR traded up $0.04 during midday trading on Thursday, reaching $3.77. The company had a trading volume of 5,537,621 shares, compared to its average volume of 4,953,773. Archer Aviation Inc. has a 12-month low of $1.91 and a 12-month high of $7.49. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.18 and a beta of 2.45. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $4.33 and its 200-day simple moving average is $5.13.
Archer Aviation (NYSE:ACHR – Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.35) EPS for the quarter, meeting analysts’ consensus estimates of ($0.35). On average, sell-side analysts anticipate that Archer Aviation Inc. will post -1.45 earnings per share for the current fiscal year.
About Archer Aviation
Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.
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