Archer Aviation Inc. (NYSE:ACHR) Shares Sold by HBK Investments L P

HBK Investments L P lowered its position in Archer Aviation Inc. (NYSE:ACHRFree Report) by 55.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after selling 250,000 shares during the quarter. HBK Investments L P owned about 0.06% of Archer Aviation worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Archer Aviation by 39.2% during the third quarter. Principal Financial Group Inc. now owns 22,561 shares of the company’s stock valued at $114,000 after acquiring an additional 6,358 shares during the period. Victory Capital Management Inc. grew its position in Archer Aviation by 19.5% in the third quarter. Victory Capital Management Inc. now owns 16,502 shares of the company’s stock worth $84,000 after buying an additional 2,688 shares during the last quarter. Barclays PLC grew its position in Archer Aviation by 66.4% in the third quarter. Barclays PLC now owns 50,559 shares of the company’s stock worth $256,000 after buying an additional 20,173 shares during the last quarter. Swiss National Bank acquired a new position in Archer Aviation in the third quarter worth approximately $1,439,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Archer Aviation in the third quarter worth approximately $194,000. Institutional investors and hedge funds own 59.34% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ACHR. Benchmark restated a “buy” rating and issued a $12.00 price target on shares of Archer Aviation in a research report on Tuesday, May 21st. Barclays decreased their price target on shares of Archer Aviation from $6.50 to $4.50 and set an “equal weight” rating on the stock in a research report on Friday, May 17th. JPMorgan Chase & Co. decreased their price target on shares of Archer Aviation from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Archer Aviation in a research note on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Archer Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $8.10.

View Our Latest Stock Report on ACHR

Archer Aviation Stock Down 1.6 %

Shares of NYSE:ACHR traded down $0.05 during trading on Monday, reaching $3.17. 6,046,031 shares of the company traded hands, compared to its average volume of 5,145,833. The firm has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $4.75. The firm has a market cap of $1.03 billion, a P/E ratio of -1.94 and a beta of 2.35. Archer Aviation Inc. has a 1-year low of $3.00 and a 1-year high of $7.49. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.08.

Archer Aviation (NYSE:ACHRGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.08). During the same quarter in the prior year, the business earned ($0.46) EPS. Analysts anticipate that Archer Aviation Inc. will post -1.33 earnings per share for the current fiscal year.

About Archer Aviation

(Free Report)

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.

Further Reading

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

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