Charles Schwab Investment Management Inc. Raises Stake in Eve Holding, Inc. (NYSE:EVEX)

Charles Schwab Investment Management Inc. lifted its position in shares of Eve Holding, Inc. (NYSE:EVEX) by 63.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 332,732 shares of the company’s stock after buying an additional 129,300 shares during the period. Charles Schwab Investment Management Inc. owned 0.11% of EVE worth $1,078,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of EVE during the 3rd quarter valued at about $35,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in EVE in the third quarter valued at approximately $40,000. Blair William & Co. IL acquired a new position in EVE during the second quarter worth approximately $190,000. Finally, Vanguard Group Inc. raised its stake in EVE by 7.1% during the first quarter. Vanguard Group Inc. now owns 517,707 shares of the company’s stock worth $2,796,000 after purchasing an additional 34,484 shares during the period. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Stock Up 5.7 %

Shares of NYSE EVEX opened at $4.84 on Wednesday. The stock has a fifty day moving average price of $3.54 and a 200 day moving average price of $3.41. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. Eve Holding, Inc. has a 12-month low of $2.33 and a 12-month high of $7.57. The company has a market cap of $1.44 billion, a P/E ratio of -10.06 and a beta of 0.53.

EVE (NYSE:EVEX) last posted its earnings results on Monday, November 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. During the same period last year, the business posted ($0.11) earnings per share. Research analysts anticipate that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EVEX has been the topic of several research reports. HC Wainwright assumed coverage on EVE in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $6.00 target price on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price objective on shares of EVE in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group increased their target price on shares of EVE from $6.75 to $7.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd.

About EVE

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.