Tradewinds Capital Management LLC Makes New $89,000 Investment in Archer Aviation Inc. (NYSE:ACHR)

Tradewinds Capital Management LLC acquired a new position in shares of Archer Aviation Inc. (NYSE:ACHR) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 9,100 shares of the company’s stock, valued at approximately $89,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACHR. HBK Investments L P acquired a new stake in Archer Aviation during the 3rd quarter worth about $6,818,000. Sora Investors LLC acquired a new stake in Archer Aviation during the 3rd quarter worth about $3,429,000. Yarbrough Capital LLC acquired a new stake in Archer Aviation during the 4th quarter worth about $6,039,000. Matauro LLC acquired a new stake in Archer Aviation during the 4th quarter worth about $4,104,000. Finally, Stifel Financial Corp increased its holdings in shares of Archer Aviation by 574.5% in the 3rd quarter. Stifel Financial Corp now owns 459,171 shares of the company’s stock valued at $1,391,000 after purchasing an additional 391,092 shares during the period. Institutional investors and hedge funds own 59.34% of the company’s stock.

Insiders Place Their Bets

In other Archer Aviation news, CTO Thomas Paul Muniz sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $12.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief technology officer now owns 1,070,360 shares of the company’s stock, valued at $12,844,320. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah Diaz purchased 5,150 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were acquired at an average price of $7.48 per share, with a total value of $38,522.00. Following the completion of the acquisition, the director now owns 98,886 shares of the company’s stock, valued at approximately $739,667.28. The trade was a 5.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 1,057,729 shares of company stock valued at $8,473,770 over the last 90 days. 9.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ACHR has been the topic of a number of research reports. Cantor Fitzgerald upped their target price on Archer Aviation from $10.00 to $13.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. HC Wainwright reiterated a “buy” rating and issued a $12.50 target price on shares of Archer Aviation in a report on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Archer Aviation in a report on Thursday, January 16th. Raymond James upped their target price on Archer Aviation from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Archer Aviation from $11.00 to $15.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.33.

Archer Aviation Trading Down 9.9 %

Shares of NYSE ACHR opened at $9.13 on Friday. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -6.91 and a beta of 3.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 6.03 and a current ratio of 6.03. The business has a 50 day simple moving average of $9.66 and a 200 day simple moving average of $6.10. Archer Aviation Inc. has a 52 week low of $2.82 and a 52 week high of $12.48.

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.