Geode Capital Management LLC Purchases 246,863 Shares of Eve Holding, Inc. (NYSE:EVEX)

Geode Capital Management LLC raised its stake in Eve Holding, Inc. (NYSE:EVEX - Free Report) by 29.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,096,885 shares of the company's stock after buying an additional 246,863 shares during the quarter. Geode Capital Management LLC owned approximately 0.37% of EVE worth $5,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EVEX. JPMorgan Chase & Co. raised its position in shares of EVE by 380.2% during the 4th quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company's stock worth $1,014,000 after buying an additional 147,632 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of EVE during the fourth quarter valued at approximately $153,000. Corebridge Financial Inc. boosted its position in shares of EVE by 57.0% in the fourth quarter. Corebridge Financial Inc. now owns 25,400 shares of the company's stock worth $138,000 after buying an additional 9,222 shares during the period. Sei Investments Co. acquired a new stake in EVE during the 4th quarter worth about $108,000. Finally, American Century Companies Inc. acquired a new position in shares of EVE in the 4th quarter valued at about $148,000. Institutional investors and hedge funds own 1.27% of the company's stock.

EVE Stock Up 1.6 %

EVEX traded up $0.06 during midday trading on Tuesday, hitting $3.78. 99,245 shares of the company's stock traded hands, compared to its average volume of 240,050. 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 company has a market cap of $1.13 billion, a PE ratio of -7.87 and a beta of 0.55. Eve Holding, Inc. has a one year low of $2.33 and a one year high of $6.09. The stock's fifty day simple moving average is $3.63 and its 200-day simple moving average is $4.04.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on EVEX shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price objective on shares of EVE in a research report on Friday, March 14th. HC Wainwright reiterated a "buy" rating and set a $6.00 price objective on shares of EVE in a report on Wednesday, March 12th.

About EVE

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.