Oxford Asset Management LLP Invests $340,000 in AeroVironment, Inc. (NASDAQ:AVAV)

Oxford Asset Management LLP bought a new stake in AeroVironment, Inc. (NASDAQ:AVAV - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,211 shares of the aerospace company's stock, valued at approximately $340,000.

Several other hedge funds have also bought and sold shares of the company. Arizona State Retirement System raised its stake in AeroVironment by 0.8% in the fourth quarter. Arizona State Retirement System now owns 8,170 shares of the aerospace company's stock valued at $1,257,000 after buying an additional 68 shares during the period. New York State Teachers Retirement System increased its holdings in shares of AeroVironment by 0.6% during the 4th quarter. New York State Teachers Retirement System now owns 17,618 shares of the aerospace company's stock worth $2,711,000 after acquiring an additional 100 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in AeroVironment by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,170 shares of the aerospace company's stock valued at $642,000 after acquiring an additional 105 shares during the period. Atria Investments Inc lifted its holdings in AeroVironment by 7.0% during the 4th quarter. Atria Investments Inc now owns 1,650 shares of the aerospace company's stock valued at $254,000 after purchasing an additional 108 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in AeroVironment by 0.7% during the fourth quarter. OneDigital Investment Advisors LLC now owns 14,879 shares of the aerospace company's stock worth $2,290,000 after purchasing an additional 109 shares during the period. 86.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AeroVironment

In other AeroVironment news, CEO Wahid Nawabi sold 29,366 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $128.20, for a total transaction of $3,764,721.20. Following the completion of the transaction, the chief executive officer now directly owns 115,174 shares in the company, valued at $14,765,306.80. The trade was a 20.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.27% of the company's stock.

AeroVironment Stock Performance

AVAV opened at $149.59 on Friday. The firm has a market cap of $4.22 billion, a P/E ratio of 85.97 and a beta of 0.74. The business's fifty day moving average is $135.45 and its 200-day moving average is $167.67. AeroVironment, Inc. has a 52-week low of $102.25 and a 52-week high of $236.60. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61.

Wall Street Analysts Forecast Growth

AVAV has been the subject of a number of research reports. Robert W. Baird cut their target price on shares of AeroVironment from $220.00 to $146.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Jefferies Financial Group cut their price objective on shares of AeroVironment from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Raymond James raised AeroVironment from a "market perform" rating to a "strong-buy" rating and set a $200.00 target price on the stock in a research report on Tuesday, April 8th. Finally, William Blair restated an "outperform" rating on shares of AeroVironment in a research note on Wednesday, March 5th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $202.00.

AeroVironment Company Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.

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