Masters Capital Management LLC Boosts Position in Vertical Aerospace Ltd. $EVTL

Masters Capital Management LLC raised its stake in Vertical Aerospace Ltd. (NYSE:EVTL) by 13.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,400,000 shares of the company’s stock after buying an additional 400,000 shares during the period. Masters Capital Management LLC’s holdings in Vertical Aerospace were worth $7,514,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in shares of Vertical Aerospace during the first quarter worth approximately $31,000. J. Derek Lewis & Associates Inc. bought a new position in Vertical Aerospace in the fourth quarter worth approximately $123,000. Caitong International Asset Management Co. Ltd grew its stake in Vertical Aerospace by 446.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 16,678 shares of the company’s stock worth $89,000 after purchasing an additional 13,624 shares in the last quarter. Virtu Financial LLC increased its holdings in Vertical Aerospace by 250.5% during the 4th quarter. Virtu Financial LLC now owns 35,768 shares of the company’s stock worth $191,000 after purchasing an additional 25,562 shares during the period. Finally, Connective Capital Management LLC raised its position in Vertical Aerospace by 302.5% during the 4th quarter. Connective Capital Management LLC now owns 203,408 shares of the company’s stock valued at $1,084,000 after purchasing an additional 152,873 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EVTL shares. Canaccord Genuity Group increased their price target on Vertical Aerospace from $9.50 to $10.50 and gave the stock a “buy” rating in a research report on Monday, April 20th. Cantor Fitzgerald downgraded shares of Vertical Aerospace from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of Vertical Aerospace from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Finally, D. Boral Capital reissued a “buy” rating and set a $12.00 price objective on shares of Vertical Aerospace in a report on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.30.

Vertical Aerospace Price Performance

Shares of EVTL stock opened at $1.39 on Monday. Vertical Aerospace Ltd. has a 1-year low of $1.37 and a 1-year high of $7.33. The stock’s fifty day moving average price is $2.06 and its 200 day moving average price is $3.22. The company has a market cap of $176.35 million, a price-to-earnings ratio of -0.40 and a beta of 1.52.

Vertical Aerospace (NYSE:EVTL) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.12. As a group, equities research analysts anticipate that Vertical Aerospace Ltd. will post -1.4 earnings per share for the current year.

Vertical Aerospace Company Profile

Vertical Aerospace is a United Kingdom–based aerospace manufacturer specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. Founded in 2016 by entrepreneur Stephen Fitzpatrick, the company is publicly listed on the New York Stock Exchange under the ticker EVTL. Vertical Aerospace’s mission is to deliver zero-emission, high-speed electric aircraft designed to transform short-haul journeys in densely populated areas.

The company’s flagship model, the VA-X4, is a piloted, five-seat eVTOL craft engineered for quiet operation, low running costs and minimal environmental impact.