BlueCrest Capital Management Ltd Makes New $2.17 Million Investment in Unusual Machines, Inc. $UMAC

BlueCrest Capital Management Ltd acquired a new stake in Unusual Machines, Inc. (NYSEAMERICAN:UMACFree Report) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 143,588 shares of the company’s stock, valued at approximately $2,168,000.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Unusual Machines by 143.3% in the 3rd quarter. Bank of America Corp DE now owns 17,274 shares of the company’s stock worth $261,000 after buying an additional 10,175 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Unusual Machines by 2,407.5% in the third quarter. Raymond James Financial Inc. now owns 28,811 shares of the company’s stock valued at $435,000 after acquiring an additional 27,662 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Unusual Machines by 229.8% during the third quarter. Two Sigma Investments LP now owns 71,586 shares of the company’s stock valued at $1,081,000 after acquiring an additional 49,878 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Unusual Machines during the third quarter valued at approximately $2,652,000. Finally, UBS Group AG lifted its holdings in Unusual Machines by 73.4% during the third quarter. UBS Group AG now owns 39,281 shares of the company’s stock worth $593,000 after acquiring an additional 16,633 shares during the period.

Unusual Machines News Summary

Here are the key news stories impacting Unusual Machines this week:

Analysts Set New Price Targets

Several research analysts have weighed in on the company. ThinkEquity raised Unusual Machines to a “strong-buy” rating in a research report on Monday, November 17th. JonesTrading initiated coverage on Unusual Machines in a research report on Monday, December 1st. They set a “buy” rating and a $20.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Unusual Machines in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Unusual Machines presently has a consensus rating of “Buy” and a consensus target price of $20.00.

Read Our Latest Analysis on Unusual Machines

Unusual Machines Price Performance

NYSEAMERICAN:UMAC opened at $20.40 on Friday. The company has a market capitalization of $752.35 million, a P/E ratio of -24.29 and a beta of 22.23. The business has a fifty day simple moving average of $15.15 and a two-hundred day simple moving average of $12.86. Unusual Machines, Inc. has a 1 year low of $4.45 and a 1 year high of $23.38.

Unusual Machines Company Profile

(Free Report)

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.

Further Reading

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Institutional Ownership by Quarter for Unusual Machines (NYSEAMERICAN:UMAC)

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