Unusual Machines, Inc. $UMAC Shares Bought by Kieckhefer Group LLC

Kieckhefer Group LLC raised its stake in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) by 330.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,000 shares of the company’s stock after buying an additional 47,600 shares during the period. Unusual Machines makes up approximately 0.4% of Kieckhefer Group LLC’s holdings, making the stock its 25th largest holding. Kieckhefer Group LLC owned about 0.20% of Unusual Machines worth $936,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UMAC. Tower Research Capital LLC TRC raised its holdings in Unusual Machines by 4,639.7% during the second quarter. Tower Research Capital LLC TRC now owns 13,366 shares of the company’s stock worth $115,000 after purchasing an additional 13,084 shares during the last quarter. Bluefin Capital Management LLC purchased a new position in Unusual Machines during the 2nd quarter valued at about $166,000. Bank of America Corp DE raised its position in Unusual Machines by 7,372.6% during the second quarter. Bank of America Corp DE now owns 7,099 shares of the company’s stock worth $61,000 after acquiring an additional 7,004 shares during the last quarter. Jump Financial LLC acquired a new position in Unusual Machines during the second quarter worth about $1,251,000. Finally, Connective Capital Management LLC purchased a new stake in shares of Unusual Machines in the second quarter valued at about $636,000.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UMAC shares. ThinkEquity raised shares of Unusual Machines to a “strong-buy” rating in a research note on Monday, November 17th. Jones Trading started coverage on Unusual Machines in a research report on Monday, December 1st. They set a “buy” rating and a $20.00 price target for the company. Zacks Research raised Unusual Machines from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Unusual Machines in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Unusual Machines currently has a consensus rating of “Buy” and a consensus price target of $20.00.

Unusual Machines Stock Down 4.8%

Shares of Unusual Machines stock opened at $11.62 on Tuesday. Unusual Machines, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $21.65. The business’s fifty day moving average is $10.87 and its two-hundred day moving average is $10.87. The firm has a market cap of $428.55 million, a PE ratio of -3.15 and a beta of 22.60.

About Unusual Machines

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.