Walleye Capital LLC lowered its stake in shares of Vertical Aerospace Ltd. (NYSE:EVTL - Free Report) by 76.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,129 shares of the company's stock after selling 189,932 shares during the period. Walleye Capital LLC owned 0.08% of Vertical Aerospace worth $719,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Mudrick Capital Management L.P. lifted its holdings in shares of Vertical Aerospace by 11,735.9% during the 4th quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company's stock valued at $595,582,000 after purchasing an additional 46,943,585 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.
Vertical Aerospace Price Performance
Vertical Aerospace stock traded up $0.19 during midday trading on Friday, hitting $3.86. 175,732 shares of the stock were exchanged, compared to its average volume of 171,507. The stock's 50-day simple moving average is $3.76 and its 200 day simple moving average is $5.92. Vertical Aerospace Ltd. has a fifty-two week low of $2.76 and a fifty-two week high of $15.99.
Vertical Aerospace (NYSE:EVTL - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($46.25) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($45.51). Sell-side analysts anticipate that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently weighed in on EVTL. D. Boral Capital started coverage on Vertical Aerospace in a research note on Thursday, March 27th. They set a "buy" rating and a $15.00 target price on the stock. Canaccord Genuity Group cut their price objective on shares of Vertical Aerospace from $16.00 to $13.50 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, HC Wainwright assumed coverage on shares of Vertical Aerospace in a research note on Friday, February 7th. They issued a "buy" rating and a $12.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Vertical Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.10.
View Our Latest Research Report on Vertical Aerospace
Vertical Aerospace Profile
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Free Report)
Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.
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