BW Gestao de Investimentos Ltda. Buys 1,223,719 Shares of Eve Holding, Inc. $EVEX

BW Gestao de Investimentos Ltda. raised its stake in shares of Eve Holding, Inc. (NYSE:EVEX) by 49.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,686,140 shares of the company’s stock after purchasing an additional 1,223,719 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in EVE were worth $14,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of EVEX. Polar Asset Management Partners Inc. purchased a new position in shares of EVE during the third quarter worth approximately $2,568,000. Heights Capital Management Inc. purchased a new position in shares of EVE in the third quarter worth $2,652,000. SPX Gestao de Recursos Ltda purchased a new position in shares of EVE in the third quarter worth $2,244,000. Centiva Capital LP purchased a new position in shares of EVE in the third quarter worth $5,104,000. Finally, Sabby Management LLC purchased a new position in shares of EVE in the third quarter worth $886,000. 1.27% of the stock is currently owned by institutional investors.

EVE Trading Down 1.0%

EVE stock opened at $3.42 on Tuesday. The firm has a 50 day moving average of $2.86 and a 200 day moving average of $3.52. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -4.68 and a beta of 1.09. Eve Holding, Inc. has a 12-month low of $2.34 and a 12-month high of $7.70. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 5.45.

EVE (NYSE:EVEX) last released its earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). As a group, research analysts predict that Eve Holding, Inc. will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Friday, April 24th. Canaccord Genuity Group dropped their target price on shares of EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald dropped their price target on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.42.

EVE Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.