Tradewinds Capital Management LLC Buys Shares of 9,100 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, according to its most recent filing with the SEC. The institutional investor acquired 9,100 shares of the company’s stock, valued at approximately $89,000.

Several other large investors have also modified their holdings of ACHR. Matauro LLC acquired a new position in Archer Aviation during the fourth quarter valued at approximately $4,104,000. Private Advisor Group LLC raised its stake in shares of Archer Aviation by 253.4% during the fourth quarter. Private Advisor Group LLC now owns 51,376 shares of the company’s stock valued at $501,000 after purchasing an additional 36,840 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Archer Aviation by 4.7% during the fourth 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. Palumbo Wealth Management LLC raised its stake in shares of Archer Aviation by 160.6% during the fourth quarter. Palumbo Wealth Management LLC now owns 53,897 shares of the company’s stock valued at $525,000 after purchasing an additional 33,217 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Archer Aviation by 2.1% during the fourth quarter. Rhumbline Advisers now owns 312,322 shares of the company’s stock valued at $3,045,000 after purchasing an additional 6,536 shares during the period. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Archer Aviation Stock Performance

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 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 firm has a fifty day moving average of $9.66 and a 200-day moving average of $6.10.

Insider Activity

In other Archer Aviation news, General Counsel Eric Lentell sold 114,788 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $6.74, for a total value of $773,671.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Deborah Diaz purchased 5,150 shares of the company’s stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $7.48 per share, for a total transaction of $38,522.00. Following the completion of the transaction, the director now owns 98,886 shares of the company’s stock, valued at $739,667.28. This represents a 5.49 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 1,057,729 shares of company stock valued at $8,473,770. 9.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ACHR shares. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Archer Aviation in a research note on Thursday, January 16th. Cantor Fitzgerald lifted their price target on shares of Archer Aviation from $10.00 to $13.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price target 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. HC Wainwright restated a “buy” rating and issued a $12.50 price target on shares of Archer Aviation in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered shares of Archer Aviation from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $6.00 to $9.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.33.

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.