SPX Gestao de Recursos Ltda trimmed its holdings in shares of Eve Holding, Inc. (NYSE:EVEX - Free Report) by 93.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,689 shares of the company's stock after selling 1,449,831 shares during the period. SPX Gestao de Recursos Ltda's holdings in EVE were worth $349,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of EVEX. Vanguard Group Inc. raised its position in shares of EVE by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 517,707 shares of the company's stock valued at $2,796,000 after acquiring an additional 34,484 shares during the last quarter. Blair William & Co. IL bought a new stake in EVE in the second quarter valued at about $190,000. Readystate Asset Management LP acquired a new position in EVE in the third quarter valued at about $83,000. SG Americas Securities LLC bought a new position in EVE during the third quarter worth about $35,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of EVE during the 3rd quarter worth about $40,000. 1.27% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on EVEX shares. Canaccord Genuity Group lifted their price objective on shares of EVE from $6.75 to $7.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Cantor Fitzgerald reissued an "overweight" rating and issued a $5.00 price target on shares of EVE in a report on Tuesday, November 5th. Finally, HC Wainwright assumed coverage on shares of EVE in a research report on Tuesday, September 3rd. They issued a "buy" rating and a $6.00 price objective for the company.
Check Out Our Latest Report on EVEX
EVE Price Performance
NYSE EVEX traded up $0.30 during trading hours on Friday, reaching $4.71. 330,393 shares of the company's stock were exchanged, compared to its average volume of 361,052. 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's 50-day moving average is $3.52 and its two-hundred day moving average is $3.44. Eve Holding, Inc. has a one year low of $2.33 and a one year high of $7.57.
EVE (NYSE:EVEX - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. During the same quarter in the prior year, the company posted ($0.11) EPS. Equities research analysts forecast that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.
EVE Profile
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Free Report)
Eve Holding, Inc, together with its subsidiaries, develops urban air mobility solutions. It is involved in the design and production of electrical vertical take-off and landing vehicles (eVTOLs); provision of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling, and data services; and development of urban air traffic management systems.
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