Connective Capital Management LLC Buys Shares of 15,000 Vertical Aerospace Ltd. (NYSE:EVTL)

Connective Capital Management LLC bought a new stake in Vertical Aerospace Ltd. (NYSE:EVTL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,000 shares of the company’s stock, valued at approximately $189,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EVTL. Renaissance Technologies LLC bought a new position in Vertical Aerospace in the fourth quarter valued at about $237,000. Bank of America Corp DE bought a new position in Vertical Aerospace in the fourth quarter valued at about $264,000. Jane Street Group LLC bought a new position in Vertical Aerospace in the fourth quarter valued at about $300,000. Marshall Wace LLP bought a new position in Vertical Aerospace in the fourth quarter valued at about $630,000. Finally, Mudrick Capital Management L.P. grew its position in Vertical Aerospace by 11,735.9% in the fourth quarter. Mudrick Capital Management L.P. now owns 47,343,585 shares of the company’s stock valued at $595,582,000 after acquiring an additional 46,943,585 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Vertical Aerospace Price Performance

Shares of EVTL stock opened at $5.57 on Wednesday. The business’s 50-day moving average price is $3.90 and its 200-day moving average price is $5.75. Vertical Aerospace Ltd. has a 12 month low of $2.76 and a 12 month high of $15.99.

Vertical Aerospace (NYSE:EVTL) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $4.44 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $4.84. Analysts predict that Vertical Aerospace Ltd. will post -3.95 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on EVTL. Canaccord Genuity Group decreased their target price on Vertical Aerospace from $16.00 to $13.50 and set a “buy” rating on the stock in a research report on Friday, January 24th. D. Boral Capital started coverage on Vertical Aerospace in a research note on Thursday, March 27th. They set a “buy” rating and a $15.00 price target on the stock. Finally, HC Wainwright started coverage on Vertical Aerospace in a research note on Friday, February 7th. They set a “buy” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Vertical Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.10.

Vertical Aerospace Profile

Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility in the United Kingdom. It offers VX4, an eVTOL aircraft. Vertical Aerospace Ltd.