Archer Aviation Inc. (NYSE:ACHR) Shares Bought by Sargent Investment Group LLC

Sargent Investment Group LLC grew its position in Archer Aviation Inc. (NYSE:ACHR) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,130 shares of the company’s stock after acquiring an additional 11,980 shares during the quarter. Sargent Investment Group LLC owned about 0.07% of Archer Aviation worth $1,247,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Archer Aviation by 54.7% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,754,499 shares of the company’s stock worth $59,478,000 after purchasing an additional 4,154,340 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 buying an additional 1,394,872 shares during the last quarter. ARK Investment Management LLC grew its holdings in Archer Aviation by 4.7% in the 4th quarter. ARK Investment Management LLC now owns 24,907,280 shares of the company’s stock valued at $152,931,000 after buying an additional 1,116,908 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Archer Aviation in the 3rd quarter worth $2,739,000. Finally, EAM Investors LLC purchased a new position in shares of Archer Aviation during the 3rd quarter worth $1,848,000. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 target price on shares of Archer Aviation in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $9.60.

Archer Aviation Trading Up 1.0 %

Shares of NYSE ACHR traded up $0.04 during mid-day trading on Friday, reaching $4.02. 3,109,522 shares of the company’s stock were exchanged, compared to its average volume of 3,534,255. The company’s 50-day moving average is $4.51 and its 200-day moving average is $5.20. Archer Aviation Inc. has a 52-week low of $1.81 and a 52-week high of $7.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.21 and a current ratio of 4.21. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.32 and a beta of 2.43.

Archer Aviation (NYSE:ACHR) last issued its quarterly earnings data on Monday, February 26th. The company reported ($0.35) EPS for the quarter, hitting the consensus estimate of ($0.35). Analysts expect that Archer Aviation Inc. will post -1.45 EPS for the current fiscal year.

Insider Transactions at Archer Aviation

In other Archer Aviation news, major shareholder N.V. Stellantis purchased 750,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $5.19 per share, for a total transaction of $3,892,500.00. Following the completion of the purchase, the insider now directly owns 39,351,720 shares of the company’s stock, valued at $204,235,426.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 3,150,000 shares of company stock worth $15,724,500 over the last ninety days. Company insiders own 27.17% of the company’s stock.

Archer Aviation Company Profile

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.