Archer Aviation Inc. (NYSE:ACHR) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL raised its position in Archer Aviation Inc. (NYSE:ACHR - Free Report) by 407.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 456,307 shares of the company's stock after purchasing an additional 366,333 shares during the quarter. Blair William & Co. IL owned 0.11% of Archer Aviation worth $4,449,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ACHR. Harbour Investments Inc. lifted its stake in shares of Archer Aviation by 54.7% during the fourth quarter. Harbour Investments Inc. now owns 3,097 shares of the company's stock worth $30,000 after purchasing an additional 1,095 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Archer Aviation by 708.3% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 3,395 shares of the company's stock valued at $33,000 after buying an additional 2,975 shares during the period. US Bancorp DE lifted its position in Archer Aviation by 2,725.3% during the 4th quarter. US Bancorp DE now owns 4,464 shares of the company's stock worth $44,000 after acquiring an additional 4,306 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Archer Aviation in the 4th quarter worth approximately $49,000. Finally, Amalgamated Bank grew its position in Archer Aviation by 50.7% in the fourth quarter. Amalgamated Bank now owns 7,961 shares of the company's stock valued at $78,000 after acquiring an additional 2,680 shares in the last quarter. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Archer Aviation news, insider Tosha Perkins sold 33,335 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $7.04, for a total transaction of $234,678.40. Following the completion of the transaction, the insider now directly owns 262,673 shares of the company's stock, valued at $1,849,217.92. The trade was a 11.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mark Mesler sold 34,498 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $7.04, for a total transaction of $242,865.92. Following the completion of the transaction, the chief financial officer now owns 659,357 shares of the company's stock, valued at approximately $4,641,873.28. This trade represents a 4.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 474,780 shares of company stock valued at $3,758,081 over the last quarter. Insiders own 9.75% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ACHR shares. Canaccord Genuity Group lifted their price target on shares of Archer Aviation from $13.00 to $13.50 and gave the stock a "buy" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft lifted their target price on Archer Aviation from $11.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Needham & Company LLC increased their price target on Archer Aviation from $11.00 to $13.00 and gave the company a "buy" rating in a report on Friday, February 28th. Cantor Fitzgerald lifted their price objective on Archer Aviation from $10.00 to $13.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lowered Archer Aviation from an "overweight" rating to a "neutral" rating and upped their target price for the company from $6.00 to $9.00 in a research report on Friday, January 10th. Two research 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.61.

Archer Aviation Stock Performance

Shares of ACHR traded down $0.42 during mid-day trading on Thursday, hitting $6.78. The stock had a trading volume of 8,766,425 shares, compared to its average volume of 29,786,102. Archer Aviation Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $12.48. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.68 billion, a PE ratio of -5.14 and a beta of 3.14. The company's fifty day simple moving average is $8.61 and its two-hundred day simple moving average is $6.95.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.30) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.10. On average, equities analysts expect 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.