Charles Schwab Investment Management Inc. Grows Holdings in Eve Holding, Inc. (NYSE:EVEX)

Charles Schwab Investment Management Inc. lifted its position in Eve Holding, Inc. (NYSE:EVEX) by 22.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 408,274 shares of the company’s stock after acquiring an additional 75,542 shares during the period. Charles Schwab Investment Management Inc.’s holdings in EVE were worth $2,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EVEX. Geode Capital Management LLC increased its stake in shares of EVE by 65.4% in the 3rd quarter. Geode Capital Management LLC now owns 850,022 shares of the company’s stock worth $2,754,000 after purchasing an additional 336,133 shares in the last quarter. State Street Corp raised its holdings in shares of EVE by 3.8% in the third quarter. State Street Corp now owns 378,123 shares of the company’s stock worth $1,225,000 after buying an additional 13,700 shares during the period. Bank of New York Mellon Corp grew its stake in EVE by 69.7% in the 4th quarter. Bank of New York Mellon Corp now owns 103,070 shares of the company’s stock worth $561,000 after acquiring an additional 42,344 shares in the last quarter. Barclays PLC raised 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 valued at $141,000 after purchasing an additional 37,602 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in EVE by 296.2% during the third quarter. JPMorgan Chase & Co. now owns 38,830 shares of the company’s stock valued at $126,000 after acquiring an additional 29,029 shares during the last quarter. 1.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

EVE Trading Down 1.5 %

Shares of EVE stock opened at $3.50 on Friday. The company has a 50-day moving average of $4.21 and a two-hundred day moving average of $3.97. Eve Holding, Inc. has a 12-month low of $2.33 and a 12-month high of $6.09. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.04 billion, a PE ratio of -7.28 and a beta of 0.45.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. On average, research analysts anticipate that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

EVE Company 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.