Oxford Asset Management LLP Invests $201,000 in Archer Aviation Inc. (NYSE:ACHR)

Oxford Asset Management LLP purchased a new position in Archer Aviation Inc. (NYSE:ACHR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,650 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of Archer Aviation in the fourth quarter worth $6,985,000. Ghisallo Capital Management LLC increased its holdings in shares of Archer Aviation by 170.7% in the fourth quarter. Ghisallo Capital Management LLC now owns 2,706,760 shares of the company’s stock worth $26,391,000 after purchasing an additional 1,706,760 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Archer Aviation in the fourth quarter valued at $99,000. Science & Technology Partners L.P. bought a new position in Archer Aviation in the fourth quarter valued at $3,888,000. Finally, Integrated Wealth Concepts LLC bought a new position in Archer Aviation in the fourth quarter valued at $121,000. Institutional investors own 59.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Canaccord Genuity Group increased their target price on Archer Aviation from $13.00 to $13.50 and gave the company a “buy” rating in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of Archer Aviation in a research note on Monday, April 21st. JPMorgan Chase & Co. cut Archer Aviation from an “overweight” rating to a “neutral” rating and increased their target price for the company from $6.00 to $9.00 in a research note on Friday, January 10th. HC Wainwright reissued a “buy” rating and issued a $12.50 target price on shares of Archer Aviation in a research note on Friday, February 28th. Finally, Raymond James increased their target price on Archer Aviation from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Archer Aviation has an average rating of “Moderate Buy” and a consensus target price of $11.61.

Insider Transactions at Archer Aviation

In other news, CTO Thomas Paul Muniz sold 99,224 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $7.70, for a total transaction of $764,024.80. Following the transaction, the chief technology officer now directly owns 1,131,443 shares of the company’s stock, valued at approximately $8,712,111.10. The trade was a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tosha Perkins sold 33,335 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $7.04, for a total value of $234,678.40. Following the completion of the sale, the insider now directly owns 262,673 shares in the company, valued at approximately $1,849,217.92. The trade was a 11.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 424,780 shares of company stock worth $3,158,081. 9.75% of the stock is currently owned by insiders.

Archer Aviation Stock Down 0.6 %

Shares of NYSE:ACHR opened at $8.54 on Tuesday. The stock’s 50-day moving average price is $7.70 and its 200-day moving average price is $7.54. Archer Aviation Inc. has a 12-month low of $2.82 and a 12-month high of $12.48. The stock has a market capitalization of $4.63 billion, a P/E ratio of -6.47 and a beta of 3.16. The company has a current ratio of 6.03, a quick ratio of 6.03 and a debt-to-equity ratio of 0.16.

Archer Aviation (NYSE:ACHR) last posted its earnings results on Thursday, February 27th. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.10. On average, equities analysts anticipate that Archer Aviation Inc. will post -1.32 earnings per share for the current year.

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.