Generali Powszechne Towarzystwo Emerytalne Acquires Shares of 1,000,000 Archer Aviation Inc. $ACHR

Key Points

• Generali Powszechne Towarzystwo Emerytalne acquired 1,000,000 shares of Archer Aviation (≈$7.52 million) in Q4, making the stake about 1.3% of the fund's portfolio and roughly 0.15% of Archer’s outstanding stock.
• Large institutions boosted positions—Vanguard increased to 52.36 million shares (up 45.8%) and several firms (Man Group, Adage, Invesco, SG Americas) made sizable purchases, leaving institutional investors with about 59.34% ownership of Archer.
• Archer recently missed quarterly expectations (EPS -$0.26 vs. -$0.17; weak revenue), the consensus rating is a “Moderate Buy” with an average $12 target (Needham cut its target to $9), and insiders sold 255,750 shares last quarter while retaining 7.65% ownership.

Generali Powszechne Towarzystwo Emerytalne acquired a new stake in Archer Aviation Inc. (NYSE:ACHR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,000,000 shares of the company's stock, valued at approximately $7,520,000. Archer Aviation accounts for approximately 1.3% of Generali Powszechne Towarzystwo Emerytalne's portfolio, making the stock its 23rd biggest holding. Generali Powszechne Towarzystwo Emerytalne owned approximately 0.15% of Archer Aviation at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Archer Aviation by 45.8% in the third quarter. Vanguard Group Inc. now owns 52,363,259 shares of the company's stock worth $501,640,000 after purchasing an additional 16,452,398 shares during the period. Man Group plc grew its holdings in shares of Archer Aviation by 13,793.3% during the second quarter. Man Group plc now owns 4,212,722 shares of the company's stock valued at $45,708,000 after buying an additional 4,182,400 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Archer Aviation by 435.7% during the second quarter. Adage Capital Partners GP L.L.C. now owns 3,750,000 shares of the company's stock valued at $40,688,000 after buying an additional 3,050,000 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Archer Aviation by 466.5% during the second quarter. Invesco Ltd. now owns 3,650,429 shares of the company's stock valued at $39,607,000 after buying an additional 3,006,039 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Archer Aviation by 3,316.5% during the fourth quarter. SG Americas Securities LLC now owns 1,970,717 shares of the company's stock valued at $14,820,000 after buying an additional 1,913,035 shares during the last quarter. Hedge funds and other institutional investors own 59.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ACHR shares. Needham & Company LLC cut their price target on shares of Archer Aviation from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Archer Aviation in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.00.

Insider Transactions at Archer Aviation

In related news, CTO Thomas Paul Muniz sold 9,580 shares of the firm's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $6.27, for a total transaction of $60,066.60. Following the completion of the transaction, the chief technology officer directly owned 1,352,208 shares of the company's stock, valued at approximately $8,478,344.16. This trade represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Eric Lentell sold 8,059 shares of the firm's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $6.27, for a total transaction of $50,529.93. Following the transaction, the insider directly owned 150,119 shares of the company's stock, valued at $941,246.13. The trade was a 5.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 255,750 shares of company stock valued at $1,645,333. Company insiders own 7.65% of the company's stock.

Archer Aviation Stock Up 7.1%

Shares of Archer Aviation stock opened at $6.08 on Thursday. The company has a quick ratio of 19.89, a current ratio of 19.89 and a debt-to-equity ratio of 0.05. Archer Aviation Inc. has a twelve month low of $4.80 and a twelve month high of $14.62. The company has a market cap of $4.52 billion, a price-to-earnings ratio of -6.14 and a beta of 3.24. The company's 50 day moving average is $6.26 and its 200 day moving average is $8.09.

Archer Aviation (NYSE:ACHR - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.09). The business had revenue of $0.30 million for the quarter, compared to analyst estimates of $1.40 million. The business's quarterly revenue was up 29900.0% compared to the same quarter last year. Research analysts anticipate that Archer Aviation Inc. will post -1.32 EPS for the current year.

Archer Aviation Profile

Archer Aviation, Inc NYSE: ACHR is a California-based aerospace company developing electric vertical takeoff and landing (eVTOL) aircraft designed to serve as sustainable urban air mobility solutions. Founded in 2018 by Adam Goldstein and Brett Adcock, Archer focuses on the design, development and certification of zero-emissions air taxis aimed at reducing traffic congestion in densely populated metropolitan areas. The company's flagship prototypes, “Maker” and “Midnight,” have been engineered to deliver quiet, efficient short-haul flights with ranges of up to 100 miles per charge.

Headquartered in Palo Alto, California, Archer operates a manufacturing facility in nearby Santa Cruz County and maintains research partnerships with automotive and energy companies, including a collaboration with Stellantis to integrate advanced battery systems.

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