115,747 Shares in AIRO Group Holdings, Inc. $AIRO Acquired by Fortress Investment Group LLC

Fortress Investment Group LLC purchased a new stake in shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 115,747 shares of the company’s stock, valued at approximately $2,222,000. Fortress Investment Group LLC owned approximately 0.42% of AIRO Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AIRO. Strs Ohio bought a new stake in shares of AIRO Group during the third quarter worth $25,000. Raymond James Financial Inc. bought a new position in shares of AIRO Group in the second quarter valued at about $43,000. Bank of America Corp DE bought a new position in shares of AIRO Group in the second quarter valued at about $60,000. JPMorgan Chase & Co. acquired a new position in AIRO Group during the 3rd quarter worth about $54,000. Finally, Manchester Capital Management LLC bought a new stake in AIRO Group during the 2nd quarter worth about $86,000.

AIRO Group Trading Down 3.7%

Shares of NASDAQ:AIRO opened at $9.79 on Monday. AIRO Group Holdings, Inc. has a 1-year low of $7.28 and a 1-year high of $39.07. The stock has a market capitalization of $306.43 million and a P/E ratio of 489.50. The business has a 50-day moving average price of $10.70 and a two-hundred day moving average price of $13.27.

Wall Street Analysts Forecast Growth

AIRO has been the subject of several research reports. Mizuho lowered their price objective on shares of AIRO Group from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Cantor Fitzgerald reduced their target price on shares of AIRO Group from $35.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, November 21st. BTIG Research decreased their price target 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 raised shares of AIRO Group from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reaffirmed a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AIRO Group has an average rating of “Moderate Buy” and a consensus price target of $19.67.

About AIRO Group

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.