Banco BTG Pactual S.A. Sells 250,000 Shares of Eve Holding, Inc. $EVEX

Banco BTG Pactual S.A. lessened its position in Eve Holding, Inc. (NYSE:EVEX) by 41.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 346,500 shares of the company’s stock after selling 250,000 shares during the quarter. Banco BTG Pactual S.A. owned 0.10% of EVE worth $1,383,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in shares of EVE by 144.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock worth $36,000 after acquiring an additional 3,121 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of EVE in the 2nd quarter worth about $69,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of EVE in the 3rd quarter worth about $42,000. SG Americas Securities LLC bought a new stake in shares of EVE in the 4th quarter worth about $45,000. Finally, Oak Thistle LLC bought a new stake in shares of EVE in the 4th quarter worth about $54,000. Institutional investors own 1.27% of the company’s stock.

EVE Trading Up 5.3%

EVEX stock opened at $2.71 on Friday. The company has a market capitalization of $942.15 million, a PE ratio of -3.71 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 firm’s 50-day moving average is $2.93 and its 200 day moving average is $3.46. The company has a debt-to-equity ratio of 5.45, a current ratio of 3.80 and a quick ratio of 3.80.

EVE (NYSE:EVEX) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.05). On average, research analysts anticipate that Eve Holding, Inc. will post -0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Canaccord Genuity Group lowered their target price on shares of EVE from $7.50 to $7.25 and set a “buy” rating for the company in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Friday, April 24th. Finally, Cantor Fitzgerald lowered their target price on shares of EVE from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, March 18th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.02.

EVE Company 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.