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

Masters Capital Management LLC increased its position in Vertical Aerospace Ltd. (NYSE:EVTL) by 13.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,400,000 shares of the company’s stock after acquiring an additional 400,000 shares during the quarter. Masters Capital Management LLC owned about 2.67% of Vertical Aerospace worth $7,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Balyasny Asset Management L.P. grew its holdings in Vertical Aerospace by 25.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 14,435 shares of the company’s stock valued at $77,000 after buying an additional 2,963 shares in the last quarter. Barclays PLC boosted its position in shares of Vertical Aerospace by 156.0% during the 4th quarter. Barclays PLC now owns 6,843 shares of the company’s stock valued at $36,000 after acquiring an additional 4,170 shares during the last quarter. EFG International AG purchased a new position in shares of Vertical Aerospace in the fourth quarter valued at $27,000. LPL Financial LLC increased its position in Vertical Aerospace by 65.3% in the fourth quarter. LPL Financial LLC now owns 18,255 shares of the company’s stock worth $97,000 after purchasing an additional 7,209 shares during the last quarter. Finally, Quarry LP bought a new position in Vertical Aerospace during the third quarter valued at $49,000. 81.17% of the stock is currently owned by institutional investors.

Vertical Aerospace Price Performance

Shares of NYSE EVTL 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 firm has a 50-day simple moving average of $2.06 and a two-hundred day simple moving average of $3.22. The company has a market cap of $176.35 million, a P/E ratio of -0.40 and a beta of 1.52.

Vertical Aerospace (NYSE:EVTL) last released its 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 expect that Vertical Aerospace Ltd. will post -1.4 EPS for the current year.

Analysts Set New Price Targets

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

About Vertical Aerospace

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.