BlueCrest Capital Management Ltd Buys Shares of 143,588 Unusual Machines, Inc. $UMAC

BlueCrest Capital Management Ltd purchased a new stake in Unusual Machines, Inc. (NYSEAMERICAN:UMACFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 143,588 shares of the company’s stock, valued at approximately $2,168,000. BlueCrest Capital Management Ltd owned about 0.39% of Unusual Machines as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sei Investments Co. acquired a new stake in Unusual Machines in the third quarter valued at approximately $2,652,000. Jump Financial LLC acquired a new position in shares of Unusual Machines during the second quarter worth $1,251,000. Vanguard Group Inc. lifted its stake in shares of Unusual Machines by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,162,795 shares of the company’s stock valued at $17,558,000 after acquiring an additional 136,696 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Unusual Machines by 89.1% in the 2nd quarter. Geode Capital Management LLC now owns 222,927 shares of the company’s stock valued at $1,911,000 after acquiring an additional 105,020 shares during the last quarter. Finally, Connective Capital Management LLC acquired a new stake in shares of Unusual Machines during the 2nd quarter valued at $636,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. ThinkEquity raised Unusual Machines to a “strong-buy” rating in a report on Monday, November 17th. JonesTrading initiated coverage on Unusual Machines in a research note on Monday, December 1st. They set a “buy” rating and a $20.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target 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 assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $20.00.

Get Our Latest Stock Analysis on UMAC

Key Headlines Impacting Unusual Machines

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

Unusual Machines Price Performance

Shares of NYSEAMERICAN UMAC opened at $20.40 on Friday. The company has a 50-day moving average price of $15.15 and a 200-day moving average price of $12.86. The stock has a market capitalization of $752.35 million, a P/E ratio of -24.29 and a beta of 22.23. Unusual Machines, Inc. has a 1 year low of $4.45 and a 1 year high of $23.38.

About Unusual Machines

(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

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

Receive News & Ratings for Unusual Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unusual Machines and related companies with MarketBeat.com's FREE daily email newsletter.