Matauro LLC Acquires New Holdings in Archer Aviation Inc. (NYSE:ACHR)

Matauro LLC purchased a new position in Archer Aviation Inc. (NYSE:ACHR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 420,911 shares of the company’s stock, valued at approximately $4,104,000. Archer Aviation accounts for about 0.9% of Matauro LLC’s portfolio, making the stock its 21st largest position.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its position in shares of Archer Aviation by 4.7% during the 4th quarter. Sanctuary Advisors LLC now owns 27,740 shares of the company’s stock valued at $257,000 after purchasing an additional 1,246 shares during the period. GPS Wealth Strategies Group LLC grew its stake in Archer Aviation by 708.3% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,395 shares of the company’s stock valued at $33,000 after acquiring an additional 2,975 shares in the last quarter. Townsquare Capital LLC grew its stake in Archer Aviation by 25.6% during the third quarter. Townsquare Capital LLC now owns 14,877 shares of the company’s stock valued at $45,000 after acquiring an additional 3,033 shares in the last quarter. PFG Investments LLC grew its stake in Archer Aviation by 16.3% during the fourth quarter. PFG Investments LLC now owns 22,821 shares of the company’s stock valued at $223,000 after acquiring an additional 3,192 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Archer Aviation by 29.9% during the third quarter. Tidal Investments LLC now owns 14,518 shares of the company’s stock valued at $44,000 after acquiring an additional 3,339 shares in the last quarter. 59.34% of the stock is currently owned by institutional investors.

Insider Activity at Archer Aviation

In other Archer Aviation news, major shareholder N.V. Stellantis purchased 751,879 shares of Archer Aviation stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $6.65 per share, for a total transaction of $4,999,995.35. Following the acquisition, the insider now owns 60,486,841 shares in the company, valued at $402,237,492.65. This trade represents a 1.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah Diaz purchased 5,150 shares of Archer Aviation stock in a transaction dated Monday, November 25th. The stock was acquired at an average price of $7.48 per share, with a total value of $38,522.00. Following the acquisition, the director now owns 98,886 shares in the company, valued at approximately $739,667.28. This represents a 5.49 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 1,057,729 shares of company stock worth $8,473,770 in the last 90 days. 9.75% of the stock is owned by corporate insiders.

Archer Aviation Trading Down 9.9 %

Shares of ACHR opened at $9.13 on Friday. Archer Aviation Inc. has a 1-year low of $2.82 and a 1-year high of $12.48. The company has a 50-day moving average of $9.66 and a 200 day moving average of $6.09. The firm has a market capitalization 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 current ratio of 6.03 and a quick ratio of 6.03.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Archer Aviation from an “overweight” rating to a “neutral” rating and raised their target price for the company from $6.00 to $9.00 in a research note on Friday, January 10th. Canaccord Genuity Group cut their target price on shares of Archer Aviation from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Raymond James raised their target price on shares of Archer Aviation from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday. Cantor Fitzgerald raised their target price on shares of Archer Aviation from $10.00 to $13.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Archer Aviation from $11.00 to $15.00 and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat.com, Archer Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Archer Aviation 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.