Tudor Investment Corp ET AL Increases Holdings in Unusual Machines, Inc. $UMAC

Tudor Investment Corp ET AL raised its stake in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) by 201.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,207,460 shares of the company’s stock after acquiring an additional 806,359 shares during the period. Tudor Investment Corp ET AL owned approximately 3.27% of Unusual Machines worth $18,233,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Connective Capital Management LLC purchased a new stake in Unusual Machines during the 2nd quarter valued at about $636,000. BlueCrest Capital Management Ltd bought a new position in shares of Unusual Machines in the third quarter worth approximately $2,168,000. Kieckhefer Group LLC grew its holdings in shares of Unusual Machines by 330.6% during the third quarter. Kieckhefer Group LLC now owns 62,000 shares of the company’s stock valued at $936,000 after buying an additional 47,600 shares during the last quarter. Bluefin Capital Management LLC bought a new stake in shares of Unusual Machines during the second quarter valued at approximately $166,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Unusual Machines by 133.3% during the third quarter. CIBC Private Wealth Group LLC now owns 7,000 shares of the company’s stock valued at $106,000 after acquiring an additional 4,000 shares in the last quarter.

Insiders Place Their Bets

In other news, CFO Brian Joseph Hoff sold 11,413 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $18.59, for a total transaction of $212,167.67. Following the transaction, the chief financial officer directly owned 514,062 shares of the company’s stock, valued at $9,556,412.58. This represents a 2.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Stacy Rochelle Wright sold 13,750 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $18.57, for a total value of $255,337.50. Following the completion of the transaction, the executive owned 96,250 shares in the company, valued at approximately $1,787,362.50. This trade represents a 12.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 57,942 shares of company stock valued at $710,164. Company insiders own 7.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on UMAC. JonesTrading began coverage on Unusual Machines in a research report on Monday, December 1st. They issued a “buy” rating and a $20.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Unusual Machines in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $20.00.

Unusual Machines Stock Down 20.1%

Shares of UMAC stock opened at $14.87 on Friday. The company has a 50 day moving average price of $15.51 and a 200-day moving average price of $13.14. Unusual Machines, Inc. has a 52 week low of $4.45 and a 52 week high of $23.38. The firm has a market capitalization of $578.29 million, a PE ratio of -17.70 and a beta of 22.23.

Unusual Machines Profile

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.