Teachers Retirement System of The State of Kentucky Makes New $816,000 Investment in Archer Aviation Inc. $ACHR

Key Points

• Teachers Retirement System of The State of Kentucky opened a new position in Archer Aviation, buying 85,229 shares valued at approximately $816,000 in the third quarter, according to its Form 13F filing.
• Large institutions significantly increased exposure—Vanguard now holds about 52.36 million shares (~$501.6M) and overall institutional ownership stands at 59.34%, indicating substantial institutional interest.
• Archer recently missed quarterly estimates (EPS -$0.26 vs. -$0.17; revenue $0.3M vs. $1.4M), trades below its 50- and 200-day averages, and carries a consensus "Moderate Buy" rating with a $12 target price.

Teachers Retirement System of The State of Kentucky purchased a new position in shares of Archer Aviation Inc. (NYSE:ACHR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 85,229 shares of the company's stock, valued at approximately $816,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Archer Aviation by 45.8% during the 3rd quarter. Vanguard Group Inc. now owns 52,363,259 shares of the company's stock worth $501,640,000 after buying an additional 16,452,398 shares during the period. Geode Capital Management LLC grew its stake in Archer Aviation by 44.1% in the second quarter. Geode Capital Management LLC now owns 11,991,714 shares of the company's stock valued at $130,125,000 after acquiring an additional 3,671,753 shares during the period. Man Group plc increased its holdings in shares of Archer Aviation by 13,793.3% in the second quarter. Man Group plc now owns 4,212,722 shares of the company's stock worth $45,708,000 after acquiring an additional 4,182,400 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Archer Aviation by 435.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 3,750,000 shares of the company's stock worth $40,688,000 after acquiring an additional 3,050,000 shares in the last quarter. Finally, Invesco Ltd. raised its position 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 worth $39,607,000 after purchasing an additional 3,006,039 shares during the period. Institutional investors and hedge funds own 59.34% of the company's stock.

Archer Aviation Stock Performance

Shares of Archer Aviation stock opened at $6.27 on Friday. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of -6.33 and a beta of 3.10. The stock's 50-day moving average is $7.64 and its 200-day moving average is $8.75. Archer Aviation Inc. has a one year low of $5.48 and a one year high of $14.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 19.89 and a quick ratio of 18.19.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ACHR shares. JPMorgan Chase & Co. decreased their price objective on Archer Aviation from $10.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, November 7th. Cantor Fitzgerald restated an "overweight" rating on shares of Archer Aviation in a report on Monday, November 24th. 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 research note on Tuesday. Canaccord Genuity Group upped their price target on shares of Archer Aviation from $12.00 to $13.00 and gave the company a "buy" rating in a report on Friday, November 21st. Finally, The Goldman Sachs Group began coverage on shares of Archer Aviation in a research report on Monday, December 1st. They set a "neutral" rating and a $11.00 price objective for the company. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Archer Aviation presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Insider Buying and Selling

In other Archer Aviation news, CTO Thomas Paul Muniz sold 125,000 shares of the company's stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $8.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief technology officer owned 1,272,129 shares of the company's stock, valued at $10,177,032. This represents a 8.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 7.65% of the company's stock.

About Archer Aviation

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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