Fortress Investment Group LLC Acquires Shares of 115,747 AIRO Group Holdings, Inc. $AIRO

Fortress Investment Group LLC bought a new position in shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 115,747 shares of the company’s stock, valued at approximately $2,222,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of AIRO Group in the 3rd quarter valued at $25,000. Raymond James Financial Inc. acquired a new stake in shares of AIRO Group during the second quarter worth $43,000. JPMorgan Chase & Co. acquired a new stake in shares of AIRO Group during the third quarter worth $54,000. Bank of America Corp DE bought a new stake in AIRO Group in the second quarter valued at about $60,000. Finally, Manchester Capital Management LLC acquired a new position in AIRO Group in the second quarter valued at about $86,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on AIRO. Weiss Ratings restated a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. Mizuho lowered their price target on AIRO Group from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. BTIG Research reduced their price objective on shares of AIRO Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Wall Street Zen upgraded shares of AIRO Group from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Cantor Fitzgerald lowered their target price on shares of AIRO Group from $35.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, AIRO Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

AIRO Group Stock Down 3.7%

Shares of NASDAQ:AIRO opened at $9.79 on Monday. AIRO Group Holdings, Inc. has a 12 month low of $7.28 and a 12 month high of $39.07. The company’s fifty day simple moving average is $10.70 and its 200 day simple moving average is $13.27. The firm has a market cap of $306.43 million and a price-to-earnings ratio of 489.50.

AIRO Group Company Profile

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.