Archer Aviation Inc. $ACHR Stake Lifted by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its Archer Aviation stake by 6,398.7% in the third quarter, adding 237,776 shares to reach 241,492 shares valued at about $1.22 million. Institutional investors collectively own 59.34% of the company.
• Analyst sentiment is mixed but leans positive: six analysts rate ACHR a Buy, one a Hold, and one a Sell, for a consensus “Moderate Buy” and a $10.58 price target. Needham cut its target to $7 while maintaining a Buy rating; Barclays upgraded its rating and raised its target to $8.
• Archer reported quarterly revenue of $5.10 million, above estimates, but its loss of $0.35 per share slightly missed expectations. Its Midnight aircraft has received an FAA market-survey certificate for piloted operations in Los Angeles, a testing milestone but not approval for regular commercial passenger service.

Fulcrum Asset Management LLP boosted its holdings in Archer Aviation Inc. (NYSE:ACHR - Free Report) by 6,398.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 241,492 shares of the company's stock after purchasing an additional 237,776 shares during the period. Fulcrum Asset Management LLP's holdings in Archer Aviation were worth $1,222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACHR. Sumitomo Mitsui Trust Group Inc. grew its stake in Archer Aviation by 7.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,072,347 shares of the company's stock valued at $40,120,000 after purchasing an additional 549,998 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Archer Aviation by 703.3% during the 1st quarter. Renaissance Technologies LLC now owns 2,514,300 shares of the company's stock worth $12,999,000 after purchasing an additional 2,201,300 shares during the last quarter. Bank of America Corp DE increased its holdings in Archer Aviation by 33.2% during the 1st quarter. Bank of America Corp DE now owns 2,136,942 shares of the company's stock worth $11,048,000 after purchasing an additional 532,762 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Archer Aviation in the 2nd quarter valued at approximately $10,190,000. Finally, Swiss National Bank raised its position in shares of Archer Aviation by 0.4% in the 1st quarter. Swiss National Bank now owns 1,221,700 shares of the company's stock valued at $6,316,000 after purchasing an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 59.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ACHR shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a research note on Thursday, October 15th. Needham & Company LLC dropped their price target on shares of Archer Aviation from $9.00 to $7.00 and set a "buy" rating for the company in a research note on Tuesday. UBS Group restated an "overweight" rating on shares of Archer Aviation in a research note on Tuesday, August 11th. HC Wainwright reaffirmed a "buy" rating on shares of Archer Aviation in a report on Tuesday, August 11th. Finally, Barclays upgraded shares of Archer Aviation from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $4.50 to $8.00 in a research note on Friday, October 9th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $10.58.

Insider Activity at Archer Aviation

In related news, insider Eric Lentell sold 100,000 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $6.31, for a total transaction of $631,000.00. Following the transaction, the insider directly owned 85,011 shares in the company, valued at $536,419.41. This trade represents a 54.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Priya Gupta sold 10,015 shares of Archer Aviation stock in a transaction on Monday, August 17th. The stock was sold at an average price of $6.41, for a total transaction of $64,196.15. Following the completion of the transaction, the chief financial officer directly owned 202,784 shares of the company's stock, valued at approximately $1,299,845.44. This represents a 4.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 176,657 shares of company stock valued at $1,122,371. Corporate insiders own 5.55% of the company's stock.

Recent Archer Aviation Headlines

Investors following ACHR have been watching these headlines:

• Positive Sentiment: Archer said its Midnight aircraft received an FAA market-survey certificate, enabling piloted operations in Los Angeles. The milestone advances testing and the company’s plans for 2027 passenger service, but it is not full type certification or authorization for regular commercial passenger flights. Los Angeles has also selected Archer as its air-taxi operator for the 2028 Olympics. Archer FAA certificate article
• Positive Sentiment: ARK Invest bought about $6.3 million of Archer shares after the earnings release, signaling continued investor confidence in the eVTOL and certification opportunity. ARK Invest purchase article
• Positive Sentiment: Third-quarter revenue exceeded estimates, and Archer ended the quarter with roughly $1.4 billion in cash. Management also pointed to progress on its Boeing-related acquisition and defense opportunities, which could broaden its business. Q3 earnings call highlights

Archer Aviation Trading Up 3.4%

Shares of NYSE ACHR opened at $4.87 on Thursday. The stock's 50 day moving average price is $4.82 and its two-hundred day moving average price is $5.67. Archer Aviation Inc. has a 52-week low of $3.62 and a 52-week high of $9.29. The stock has a market capitalization of $3.75 billion, a P/E ratio of -3.96 and a beta of 3.59. The company has a quick ratio of 10.21, a current ratio of 8.02 and a debt-to-equity ratio of 0.10.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its earnings results on Monday, November 9th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.01). The firm had revenue of $5.10 million for the quarter, compared to the consensus estimate of $3.57 million. Archer Aviation had a negative return on equity of 46.62% and a negative net margin of 7,869.17%. During the same period in the prior year, the business earned ($0.20) EPS. On average, analysts anticipate that Archer Aviation Inc. will post -1.37 earnings per share for the current fiscal year.

Archer Aviation Company Profile

Archer Aviation is an aerospace company based in San Jose, California, that develops electric vertical takeoff and landing (eVTOL) aircraft and related services. Its aircraft are designed for short passenger trips, including potential air taxi routes between urban areas and nearby airports. The company's primary aircraft is Midnight, a piloted eVTOL designed to carry four passengers and a pilot. Archer is working to bring the aircraft to commercial service, subject to regulatory approvals, and is pursuing operations in the United States and international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.