Bank of New York Mellon Corp Grows Stock Holdings in Eve Holding, Inc. (NYSE:EVEX)

Bank of New York Mellon Corp raised its stake in Eve Holding, Inc. (NYSE:EVEX) by 69.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,070 shares of the company’s stock after buying 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.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new position in EVE in the 3rd quarter valued at about $40,000. Franklin Resources Inc. acquired a new stake in shares of EVE during the third quarter valued at about $53,000. Readystate Asset Management LP bought a new stake in shares of EVE in the third quarter worth $83,000. SG Americas Securities LLC lifted its position in shares of EVE by 112.6% during the fourth quarter. SG Americas Securities LLC now owns 22,651 shares of the company’s stock worth $123,000 after purchasing an additional 11,996 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in EVE by 296.2% in 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. 1.27% of the stock is owned by hedge funds and other institutional investors.

EVE Stock Down 4.2 %

EVE stock opened at $3.55 on Friday. Eve Holding, Inc. has a 52 week low of $2.33 and a 52 week high of $6.09. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -7.39 and a beta of 0.45. The company’s 50-day moving average price is $4.23 and its two-hundred day moving average price is $3.96. 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 (NYSE:EVEX) last posted its quarterly earnings data on Friday, March 14th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. On average, analysts expect that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.