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Barclays PLC lifted its position in shares of Archer Aviation Inc. ( NYSE:ACHR – Free Report ) by 272.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 427,023 shares of the company’s stock after buying an additional 312,440 shares during the quarter. Barclays PLC owned about 0.12% of Archer Aviation worth $1,294,000 at the end of the most recent reporting period. A number of other institutional investors have also bought and sold shares of the company. Miller Wealth Advisors LLC bought a new stake in shares of Archer Aviation in the 3rd quarter valued at $26,000. Hollencrest Capital Management grew its holdings in Archer Aviation by 50.0% in the second quarter. Hollencrest Capital Management now owns 9,000 shares of the company’s stock worth $32,000 after purchasing an additional 3,000 shares during the period. Code Waechter LLC bought a new stake in Archer Aviation in the third quarter valued at $30,000. Azzad Asset Management Inc. ADV acquired a new position in shares of Archer Aviation during the third quarter valued at about $31,000. Finally, Cyndeo Wealth Partners LLC bought a new position in shares of Archer Aviation during the 3rd quarter worth about $36,000. Institutional investors own 59.34% of the company’s stock. Analyst Ratings Changes ACHR has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted their target price on Archer Aviation from $8.50 to $11.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Needham & Company LLC began coverage on Archer Aviation in a report on Tuesday, November 19th. They set a “buy” rating and a $11.00 price objective for the company. Cantor Fitzgerald increased their target price on Archer Aviation from $10.00 to $13.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Archer Aviation from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Archer Aviation in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.63. Insiders Place Their Bets In other Archer Aviation news, CEO Adam D. Goldstein sold 805,170 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $4.63, for a total value of $3,727,937.10. Following the sale, the chief executive officer now directly owns 4,197,136 shares in the company, valued at $19,432,739.68. The trade was a 16.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, major shareholder N.V. Stellantis purchased 751,879 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $6.65 per share, with a total value of $4,999,995.35. Following the purchase, the insider now directly owns 60,486,841 shares in the company, valued at $402,237,492.65. This trade represents a 1.26 % increase in their position. The disclosure for this purchase can be found here . Over the last quarter, insiders have acquired 776,791 shares of company stock valued at $5,139,699 and have sold 1,812,899 shares valued at $11,601,707. Insiders own 9.75% of the company’s stock. Archer Aviation Stock Down 1.3 % ACHR opened at $11.18 on Friday. Archer Aviation Inc. has a fifty-two week low of $2.82 and a fifty-two week high of $11.69. The firm has a market capitalization of $4.75 billion, a P/E ratio of -8.47 and a beta of 3.19. The company’s 50-day moving average is $6.23 and its 200 day moving average is $4.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 6.03 and a quick ratio of 6.03. Archer Aviation ( NYSE:ACHR – Get Free Report ) last posted its earnings results on Friday, November 8th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.05). During the same period in the previous year, the company earned ($0.19) EPS. Research analysts expect that Archer Aviation Inc. will post -1.28 earnings per share for the current fiscal year. About Archer Aviation ( Free Report ) Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California. See Also Five stocks we like better than Archer Aviation Where to Find Earnings Call Transcripts Buffett Takes the Bait; Berkshire Buys More Oxy in December How to invest in marijuana stocks in 7 steps Top 3 ETFs to Hedge Against Inflation in 2025 Health Care Stocks Explained: Why You Might Want to Invest These 3 Chip Stock Kings Are Still Buys for 2025 Want to see what other hedge funds are holding ACHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Aviation Inc. ( NYSE:ACHR – Free Report ). 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NEW ORLEANS -- The largest artificial intelligence data center ever built by Facebook’s parent company Meta is coming to northeast Louisiana, the company said Wednesday, bringing hopes that the $10 billion facility will transform an economically neglected corner of the state. Republican Gov. Jeff Landry called it “game-changing” for his state's expanding tech sector, yet some environmental groups have raised concerns over the center's reliance on fossil fuels — and whether the plans for new natural gas power to support it could lead to higher energy bills in the future for Louisiana residents. Meanwhile, Elon Musk's AI startup, xAI, is expanding its existing supercomputer project in Memphis, Tennessee, the city's chamber of commerce said Wednesday. The chamber also said that Nvidia, Dell, and Supermicro Computer will be “establishing operations in Memphis,” without offering further details. Louisiana is among a growing number of states offering tax credits and other incentives to lure big tech firms seeking sites for energy-intensive data centers. The U.S. Commerce Department found that there aren’t enough data centers in the U.S. to meet the rising AI-fueled demand, which is projected to grow by 9% each year through 2030, citing industry reports. Meta anticipates its Louisiana data center will create 500 operational jobs and 5,000 temporary construction jobs, said Kevin Janda, director of data center strategy. At 4 million square feet (370,000 square meters), it will be the company's largest AI data center to date, he added. “We want to make sure we are having a positive impact on the local level,” Janda said. Congressional leaders and local representatives from across the political spectrum heralded the Meta facility as a boon for Richland parish, a rural part of Louisiana with a population of 20,000 historically reliant on agriculture. About one in four residents are considered to live in poverty and the parish has an employment rate below 50%, according to the U.S. census data. Meta plans to invest $200 million into road and water infrastructure improvements for the parish to offset its water usage. The facility is expected to be completed in 2030. Entergy, one of the nation's largest utility providers, is fast-tracking plans to build three natural gas power plants in Louisiana capable of generating 2,262 megawatts for Meta's data center over a 15-year period — nearly one-tenth of Entergy's existing energy capacity across four states. The Louisiana Public Service Commission is weighing Entergy's proposal as some environmental groups have opposed locking the state into more fossil fuel-based energy infrastructure. Meta said it plans to help bring 1,500 megawatts of renewable energy onto the grid in the future. Louisiana residents may ultimately end up with rate increases to pay off the cost of operating these natural gas power plants when Meta's contract with Entergy expires, said Jessica Hendricks, state policy director for the Alliance for Affordable Energy, a Louisiana-based nonprofit advocating for energy consumers. “There’s no reason why residential customers in Louisiana need to pay for a power plant for energy that they’re not going to use," Hendricks said. "And we want to make sure that there’s safeguards in place.” Public service commissioner Foster Campbell, representing northeast Louisiana, said he does not believe the data center will increase rates for Louisiana residents and views it as vital for his region. “It’s going in one of the most needed places in Louisiana and maybe one of the most needed places in the United States of America,” Foster said. “I’m for it 100%.” Environmental groups have also warned of the pollution generated by Musk's AI data center in Memphis. The Southern Environmental Law Center, among others, says the supercomputer could strain the power grid, prompting attention from the Environmental Protection Agency. Eighteen gas turbines currently running at xAI’s south Memphis facility are significant sources of ground-level ozone, better known as smog, the group said. Patrick Anderson, an attorney at the law center, said xAI has operated with “a stunning lack of transparency” in developing its South Memphis facility, which is located near predominantly Black neighborhoods that have long dealt with pollution and health risks from factories and other industrial sites. “Memphians deserve to know how xAI will affect them,” he said, “and should have a seat at the table when these decisions are being made.” _____ Sainz reported from Memphis, Tennessee. Associated Press writer Matt O’Brien in Providence, Rhode Island, contributed to this report. _____ Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96
Jennifer Lopez enjoyed time with family during her first Christmas since her divorce from Ben Affleck . Lopez, 55, shared a series of festive photos via Instagram on Wednesday, December 25. In one snap, she posed on a bench next to child Emme, 16, whom she shares with ex-husband Marc Anthony , and niece Lucie, also 16. The trio held warm beverages in their hands, staying cozy in the snowy locale. Lopez also took a selfie with sister Lynda and shared a photo of Emme and Lucie sitting by a Christmas tree dressed in matching holiday pajamas. In a separate video , Emme and twin brother Max could be seen lounging in a room by a blazing fireplace. “Merry Christmas Eve to you and yours,” Lopez captioned the clip. Lynda, 53, also shared a snap of the picturesque fireplace via her Instagram Story, writing, “Thank you to my sis for the most beautiful Christmas Day ... 🎄 ❄️@jlo.” While Lopez spent Christmas away from Affleck, 52, the pair met up to exchange gifts on Sunday, December 22. In photos obtained by the Daily Mail , Lopez and Affleck reunited at the members-only social club Soho House in West Hollywood. Affleck was seen carrying a black tote bag seemingly filled with presents. Lopez filed for divorce in August after two years of marriage. In her divorce docs, she listed April 26 as her and Affleck’s date of separation. Although their marriage didn’t work out, Lopez and Affleck have been spotted together on several occasions since their split. Earlier this month, Lopez joined Affleck and his ex-wife Jennifer Garner at a youth play. Emme was in the production along with Seraphina, 15, whom Affleck shares with Garner, 52. (Affleck and Garner also share Violet, 19, and Samuel, 12.) In September, a source exclusively told Us Weekly that Lopez and Affleck experienced “lingering doubts” about whether they were making the right decision by divorcing, especially when considering their blended family. “There’s still a lot of love between them ,” the insider shared, adding that the divorce is “going forward” nonetheless. “When they’re together as a family and see the kids together, it reminds them of how good they are as a team and what’s important.” You have successfully subscribed. By signing up, I agree to the Terms and Privacy Policy and to receive emails from Us Weekly Check our latest news in Google News Check our latest news in Apple News A second source shared that Lopez and Affleck “know they will be in each other’s lives because of the kids and are remaining friendly.” Lopez and Affleck have a long history together. They initially got engaged in 2002 but called off the wedding in 2004. After their respective divorces from Anthony, 56, and Garner, they rekindled their romance in 2021. However, it eventually became clear that they weren’t meant to be, a source exclusively told Us in August. “It was more and more apparent they weren’t a good match ,” the insider explained. “It boiled down to [the fact that] they are two different people. ... She came to the realization things weren’t going to change and they were incompatible. Spending time apart — it became obvious it wouldn’t work.”
The cramped visitors locker room at Kaseya Center felt extra crowded last week after the Los Angeles Lakers' 41-point shellacking at the hands of the . and were assigned lockers across from each other, leaving a couple of dozen reporters to pack the space in between them, waiting for the stars to explain how their defense could be so thoroughly decimated by the Heat. James spoke first. "We got to figure it out," he said after L.A. lost for the sixth time in eight games. "Because it's definitely embarrassing, for sure." Miami shot 57.8% from the field and a volcanic 51.1% on 3-pointers -- tying a franchise record for 3s in a regular-season game with 24 while pouring 134 points on the Lakers -- tied for the most L.A. has allowed under new coach JJ Redick. The Lakers bottomed out in the third quarter when single-handedly outscored them, hitting seven straight 3s and leading Miami to win the period 36-20. When asked what the Lakers did wrong in guarding Herro, James quipped: "Everything." After James finished answering questions, reporters pivoted to Davis, who put the onus on himself after scoring a season-low eight points on 3-of-14 shooting. "I hate losing," Davis said dejectedly. "The way we're losing, we're playing bad, blown out. I'm not playing well individually. It's an accumulation of things and it's frustrating." Davis took accountability, but even had he made the 11 other shots he attempted that night in Miami, L.A. still would have lost by double digits. A quarter of the way through the season, the Lakers are 13-11 and have issues that Davis can't fix individually. With James starting to show his age, L.A.'s defense continuing to be exposed in multiple facets and even the normally headstrong Redick admitting, "We're all trying to find it," after the loss to Miami, there is mounting evidence that this season could go sideways without a significant shakeup. With Redick taking advantage of a break in the schedule to give his team time to reset this week ahead of Friday's game on the road against the , here's a look at what's plaguing L.A. -- and what can be done to fix it. Porous defense "They weren't even trying," one Western Conference scout, who reviewed film from the L.A.-Miami game, told ESPN of the Lakers. "The Lakers play with zero physicality," he said. "It's easy to get transition baskets. It's easy to score via pick-and-rolls. It's easy to post up and cut for easy baskets. Everything is just easy." The numbers back up that assessment. The Lakers have allowed opponents to shoot 63% on layups and dunks in the half court this season, which is fourth worst in the league. Part of the reason for that alarming percentage is that the Lakers are allowing the third-highest shot quality on those shots at the rim in the half court, according to Second Spectrum, with only 64% of those point-blank attempts considered to be heavily contested by L.A.'s defenders. When asked about L.A.'s pick-and-roll defense against Miami, and against the Wolves in the game that preceded it when the Lakers lost by 29 points, Redick was direct as he exhumed the defeats. "Did not execute our switches, were not physical, did not communicate," Redick said Wednesday. "Communication was a big issue in Miami as well, no matter what we tried. Again, you can't play basketball and not talk. In terms of technique and schemes, if you don't talk, you're dead. In terms of tweaking stuff, we've done it. We've done it in coverage. We've done it with 1 through 5, and we've done it being physical. We've done it talking, so that's what we have to do. We can make adjustments on that. If you're not talking and you're not competing, you can't really make adjustments." As rough as the half court has been, the open court has been even worse. L.A. is 29th in transition defense, allowing 1.44 points per possession. The Lakers have also had to defend the sixth-most transition possessions per game in the league this season. Part of that problem can be linked to effort. They have had a man advantage when defending a transition possession just 44% of the time this season -- the fifth-lowest rate in the league -- meaning there aren't enough players wearing purple and gold sprinting back to protect their basket. However, with largely the same personnel as last season's team that ranked 17th in defense, by allowing 114.8 points per 100 possessions, maybe L.A. ranking 26th and allowing 117.0 points per 100 possessions this season shouldn't be so surprising. "It's been interesting to me, Darvin [Ham] took a lot of s--- last year," another Western Conference scout told ESPN. "I think now you're seeing like, 'Oh, maybe it wasn't Darvin. Maybe it's the f---ing roster.'" He is not the only person among the half-dozen scouts, coaches and front office employees ESPN interviewed to suggest that L.A. needs different players if it expects different results. "They need to trade for a good point-of-attack defender that can at least be capable of knocking down open shots," an Eastern Conference scout told ESPN. "They don't have many perimeter defenders." Added another Eastern Conference executive to ESPN: "I don't think they have the personnel to be a good defensive team." Though expected return next month will give Redick a player with a solid defensive track record to add to the Lakers' rotation, Vanderbilt's offensive limitations are also well documented. "Honestly, they need what everybody wants," one of the West scouts told ESPN. "It's that versatile wing defender that can guard 2 through 4 and then can make an open 3. Your , your , those type of players. And those guys, either: One, aren't available; or two, if they are available, they're not cheap, they're at a premium. Everybody in the NBA wants guys like that." Not enough consistency from James and Davis, or players around them Part of L.A.'s slide has coincided with snapping his personal iron man streak of 129 straight regular-season games played before missing the past five games because of a left pelvic injury. Before going out, Reaves had averaged a career-best 16.7 points, adding 4.8 assists, 3.5 rebounds and 1.1 steals per game. "AD and LeBron need consistency from the rest of the group," the East exec said. "The only guy that they rely on is Austin. He finally got to the point of not deferring to those guys. The rest of the group should follow suit. Too many guys don't know how to play with them because they feel like they need to just give AD and LeBron the ball and wait for a pass. They end up forcing shots late-clock because that is when they get the ball." Another Eastern Conference front office member pointed to L.A.'s second tier of role players failing to make a difference. "Getting very little from , , , has been disappointing," he told ESPN. "One of those guys needs to play better." Though a Lakers team source told ESPN that one of L.A.'s strengths is that Reaves, or rookie is capable of being the leading scorer any game to take the burden off James and Davis, that's still a relative rarity. In 24 games, Davis has been the leading scorer 12 times, James six times, Knecht three times, Reaves twice and Russell once. As far as a big three goes, the results have been a big negative. The Lakers have a minus-8.4 net efficiency in the 383 minutes that Davis, James and Reaves have played together this season. That's the third-worst net efficiency among 73, three-player combinations to appear on the court together for at least 350 minutes this season. "If Austin Reaves is your third-best player -- and I love Austin, I think he's a very good basketball player -- but if he's your third-best player, you're not a championship contender, you're just not," one of the West scouts told ESPN. "If you put Austin Reaves on the or the , he's probably the fifth-, maybe even sixth-best player, on those rosters." James has been poor by his standards If you judge by plus-minus, James has not only ceded control of the team to Davis and become the team's second-best player in his 22nd season, he has become the Lakers' worst player. This season, the Lakers are minus-129 when James is on the floor, by far the worst on the team. And the Lakers are plus-42 when he is off the court. James has used the off week to "take some time" away from the team for personal reasons, according to Redick. By sitting out against Minnesota, he will get eight days of rest and treatment on his sore left foot, and only miss two games. Though his overall production -- he's averaging 23 points on 49.5% shooting, 9.1 assists and 8.0 rebounds -- is unprecedented for a player at this late stage of his career, his recent struggles prior to the foot injury are alarming. His 66 turnovers over the past 13 games are the most he has had in a 13-game stretch since signing with the Lakers in 2018. And before he went 6-for-11 on 3-pointers in an overtime loss against the (with two misses coming late in the fourth in an attempt to ice it and at the buzzer in OT), James shot 4-for-34 from deep (11.8%) in his seven games prior to that. "He had that stretch where he looked probably as human as he's never looked in his career," one of James' former assistant coaches told ESPN. "It seems like he's prolonged it more than anybody ever has, but at some point, he's going to just reach a point where he can't do it. And it seems like that day is getting closer and closer now. I don't think it's yet. I think that was just a rough stretch, but I think it is eye-opening to see it like, 'Oh f---, he's not God.' He's, at some point, going to not be able to do this anymore." Though Miami's Erik Spoelstra suggested James' combination of size, strength and smarts would allow him to keep playing the game at a high level for another decade if he wanted to, some of his effectiveness has clearly waned. James has been off not only from the outside. He's shooting 65% on layups and dunks, his lowest in a season since player tracking began in 2013-14, according to Second Spectrum. And his 62% mark on shots 8 feet from the basket is his lowest since his rookie season in 2003-04. "When he just wasn't knocking down shots from the outside, and with him not being as explosive as he once was, he's going to struggle if he can't play with the threat of his shot," the East scout told ESPN. One of the West scouts said it is Redick's responsibility to engage James to impact winning, stats be damned. "They will go nowhere if Redick and staff don't find a way to challenge him beyond his historic numbers," the scout told ESPN. "The supporting cast is always going to follow his lead. When they have these horrible games, it's a reflection of him being able to cruise and still get great stats. They can't cruise." Though James, along with Davis, shouldered the blame in Miami -- saying a clunker such as that has to fall on the players, and not the coaches -- a couple of nights later in Atlanta, he pointed to a different reason for L.A.'s loss. "We don't have much room for error," James said, pointing to the "big pieces" in Reaves, Vanderbilt, Hayes and Wood. Of course, that reality of James missing the matchup against Minnesota, and even more games, becomes unfeasible if L.A. hopes to win. "Sure, it'd be great to rest your second-best player who's 40 years old, but with the lack of talent and obviously also the lack of health, it makes it incredibly difficult to sit somebody like that," one of the West scouts told ESPN. "So I don't know what the right answer is. Because probably yes, the right thing for LeBron is to take some nights off just to rest his body and rest his mind. But you run the risk of not being able to win games just with your talent deficiency." Added the scout: "I think that comes back to the roster issue of he can't consistently do it over an 82-game stretch at his age. And he needs help ... and he doesn't have help."