HighTower Advisors LLC Buys 601,924 Shares of AIRO Group Holdings, Inc. $AIRO

HighTower Advisors LLC raised its holdings in shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) by 936.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 666,176 shares of the company’s stock after purchasing an additional 601,924 shares during the period. HighTower Advisors LLC owned 2.13% of AIRO Group worth $5,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AIRO. Woodline Partners LP increased its stake in shares of AIRO Group by 41.0% during the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock valued at $52,859,000 after purchasing an additional 800,456 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of AIRO Group during the third quarter valued at approximately $15,030,000. Vanguard Group Inc. increased its stake in shares of AIRO Group by 406.0% during the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after purchasing an additional 405,951 shares in the last quarter. Invesco Ltd. bought a new position in shares of AIRO Group during the third quarter valued at approximately $3,806,000. Finally, UBS Group AG increased its stake in shares of AIRO Group by 246.9% during the third quarter. UBS Group AG now owns 250,733 shares of the company’s stock valued at $4,814,000 after purchasing an additional 178,460 shares in the last quarter.

Insider Buying and Selling

In other news, COO John Uczekaj sold 3,415 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.84, for a total transaction of $30,188.60. Following the sale, the chief operating officer owned 20,111 shares in the company, valued at $177,781.24. This represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 20,078 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $10.26, for a total transaction of $206,000.28. Following the sale, the chief financial officer owned 49,887 shares in the company, valued at approximately $511,840.62. The trade was a 28.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,889 shares of company stock worth $240,319.

AIRO Group Stock Up 4.1%

NASDAQ:AIRO opened at $7.29 on Thursday. The company’s 50 day moving average price is $8.03 and its 200-day moving average price is $9.35. AIRO Group Holdings, Inc. has a 52 week low of $5.71 and a 52 week high of $39.07. The stock has a market cap of $229.27 million and a price-to-earnings ratio of -15.51.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.49) EPS for the quarter. AIRO Group had a negative net margin of 19.98% and a negative return on equity of 2.44%. The firm had revenue of $8.90 million for the quarter. As a group, sell-side analysts anticipate that AIRO Group Holdings, Inc. will post -0.63 earnings per share for the current year.

Analyst Ratings Changes

AIRO has been the subject of a number of analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of AIRO Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Zacks Research raised shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.67.

About AIRO Group

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.