Gables Capital Management Inc. Acquires New Position in Archer Aviation Inc. $ACHR

Key Points

• Gables Capital Management acquired a new position in Archer Aviation during the third quarter, purchasing 159,900 shares worth approximately $795,000.
• Institutional investors and hedge funds own 59.34% of Archer’s shares. Recent insider sales totaled 176,657 shares over 90 days, with the disclosed executive sales made to cover taxes on vested equity awards.
• Archer reported third-quarter revenue of $5.1 million, above estimates, but its loss of $0.35 per share slightly missed consensus. The company also received an FAA market survey certificate enabling piloted Midnight operations in Los Angeles, though further certification is required before passenger service.

Gables Capital Management Inc. acquired a new stake in shares of Archer Aviation Inc. (NYSE:ACHR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 159,900 shares of the company's stock, valued at approximately $795,000.

A number of other hedge funds have also recently bought and sold shares of ACHR. Bank of America Corp DE lifted its stake in shares of 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 period. California State Teachers Retirement System boosted its holdings in shares of Archer Aviation by 21.0% during the first quarter. California State Teachers Retirement System now owns 716,066 shares of the company's stock worth $3,702,000 after purchasing an additional 124,052 shares during the last quarter. SummitTX Capital L.P. acquired a new stake in shares of Archer Aviation during the first quarter worth $709,000. Fifth Third Bancorp boosted its holdings in shares of Archer Aviation by 4,133.1% during the first quarter. Fifth Third Bancorp now owns 142,868 shares of the company's stock worth $739,000 after purchasing an additional 139,493 shares during the last quarter. Finally, Odyssean LLC grew its position in shares of Archer Aviation by 707.0% in the second quarter. Odyssean LLC now owns 260,940 shares of the company's stock valued at $1,234,000 after purchasing an additional 228,606 shares during the period. Institutional investors and hedge funds own 59.34% of the company's stock.

Insider Buying and Selling

In related news, CAO Harsh Rungta sold 13,880 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 value of $88,970.80. Following the transaction, the chief accounting officer owned 110,847 shares in the company, valued at approximately $710,529.27. This trade represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Priya Gupta sold 10,015 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $6.41, for a total value of $64,196.15. Following the sale, the chief financial officer directly owned 202,784 shares of the company's stock, valued at approximately $1,299,845.44. This trade represents a 4.71% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. 5.55% of the stock is currently owned by company insiders.

Key Headlines Impacting Archer Aviation

Here are the key news stories impacting Archer Aviation this week:

• Positive Sentiment: Archer received an FAA market survey certificate for its Midnight aircraft, enabling piloted operations in Los Angeles. The company was also selected as the city’s official air-taxi operator for the 2028 Olympics—potentially raising its profile, though further certification is needed before passenger service. Archer Aviation's FAA Certificate Is a Milestone, But It Isn't the Final One
• Positive Sentiment: Third-quarter revenue was $5.1 million, ahead of analysts’ roughly $3.6 million estimate. Archer forecast fourth-quarter revenue of $5 million to $6 million, modestly above the $4.9 million consensus. Archer Q3 Revenue
• Positive Sentiment: Management said its Boeing transaction is nearing close; Boeing could become Archer’s largest shareholder. The deal is also part of the company’s effort to expand into defense markets. Archer Announces Q3 2026 Results
• Neutral Sentiment: Archer ended the quarter with about $1.4 billion in cash, providing substantial funding for aircraft development and certification, although the business continues to incur heavy losses. Archer Q3 Earnings and Cash Reserve
• Negative Sentiment: Archer reported a third-quarter loss of $0.35 per share, slightly worse than the $0.34 consensus and wider than its year-earlier loss. The miss reinforced concerns about rising costs and the time required to reach commercial service. Why Archer Aviation Stock Took a Dive
• Negative Sentiment: Several analysts lowered price targets, including Needham ($9 to $7), Cantor Fitzgerald ($11 to $10) and Deutsche Bank ($12 to $10). They retained positive ratings, but the reductions temper the near-term outlook. Analysts Weigh FAA Progress and Price Target Cuts

Analysts Set New Price Targets

Several equities analysts recently commented on the company. HC Wainwright reiterated a "buy" rating on shares of Archer Aviation in a research note on Tuesday, August 11th. Barclays raised Archer Aviation from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $4.50 to $8.00 in a research note on Friday, October 9th. Wells Fargo & Company set a $18.00 price target on Archer Aviation in a research note on Tuesday, August 11th. UBS Group restated an "overweight" rating on shares of Archer Aviation in a report on Tuesday, August 11th. Finally, Needham & Company LLC dropped their price objective 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. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $11.00.

Archer Aviation Stock Performance

NYSE:ACHR opened at $4.70 on Wednesday. The company has a market cap of $3.62 billion, a P/E ratio of -3.82 and a beta of 3.59. The firm's 50 day moving average is $4.83 and its two-hundred day moving average is $5.69. Archer Aviation Inc. has a fifty-two week low of $3.62 and a fifty-two week high of $9.29. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 0.06.

Archer Aviation (NYSE:ACHR - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.01). Archer Aviation had a negative net margin of 7,869.17% and a negative return on equity of 44.78%. The company had revenue of $5.10 million for the quarter, compared to analysts' expectations of $3.57 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. Analysts expect that Archer Aviation Inc. will post -1.37 EPS for the current year.

Archer Aviation 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.

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