Eve Holding, Inc. (NYSE:EVEX) Position Boosted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in Eve Holding, Inc. (NYSE:EVEX) by 69.7% during the fourth quarter, Holdings Channel reports. The firm owned 103,070 shares of the company’s stock after purchasing an additional 42,344 shares during the period. Bank of New York Mellon Corp’s holdings in EVE were worth $561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in EVE by 65.4% in the third quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock worth $2,754,000 after buying an additional 336,133 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of EVE by 63.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,732 shares of the company’s stock worth $1,078,000 after acquiring an additional 129,300 shares in the last quarter. Barclays PLC grew its holdings in shares of EVE by 594.1% in the 3rd quarter. Barclays PLC now owns 43,931 shares of the company’s stock worth $141,000 after acquiring an additional 37,602 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of EVE by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 38,830 shares of the company’s stock worth $126,000 after purchasing an additional 29,029 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of EVE in the 3rd quarter valued at $83,000. 1.27% of the stock is owned by institutional investors and hedge funds.

EVE Trading Down 4.2 %

NYSE:EVEX opened at $3.55 on Friday. The stock has a market cap of $1.06 billion, a PE ratio of -7.39 and a beta of 0.45. Eve Holding, Inc. has a fifty-two week low of $2.33 and a fifty-two week high of $6.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.21 and a quick ratio of 5.21. The stock’s 50-day moving average is $4.23 and its two-hundred day moving average is $3.96.

EVE (NYSE:EVEX) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.01. As a group, equities research analysts forecast that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EVEX has been the topic of several recent analyst reports. HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of EVE in a report on Wednesday, March 12th. Canaccord Genuity Group boosted their price target on shares of EVE from $6.75 to $7.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price objective on shares of EVE in a research note on Friday, March 14th. Finally, TD Cowen upgraded shares of EVE to a “hold” rating in a research report on Thursday, December 19th.

EVE Profile

Eve Holding, Inc is a special purpose acquisition company focused on the aviation sector. The company was founded on 7th August, 2020 and is headquartered in Melbourne, FL.