Vanguard Group Inc. Sells 38,352 Shares of Eve Holding, Inc. (NYSE:EVEX)

Vanguard Group Inc. decreased its stake in Eve Holding, Inc. (NYSE:EVEX) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,003,237 shares of the company’s stock after selling 38,352 shares during the period. Vanguard Group Inc. owned 1.01% of EVE worth $16,338,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in EVE during the fourth quarter valued at about $85,000. Franklin Resources Inc. bought a new position in shares of EVE in the third quarter worth $53,000. Sei Investments Co. bought a new position in EVE in the 4th quarter worth about $108,000. SG Americas Securities LLC grew its stake in EVE by 112.6% during the fourth quarter. SG Americas Securities LLC now owns 22,651 shares of the company’s stock valued at $123,000 after acquiring an additional 11,996 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of EVE during the 4th quarter valued at $148,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EVEX shares. TD Cowen raised EVE to a “hold” rating in a report on Thursday, December 19th. HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of EVE in a research report on Wednesday, March 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of EVE in a research report on Friday, March 14th.

EVE Trading Up 1.0 %

NYSE EVEX opened at $3.64 on Friday. The stock has a 50-day moving average of $3.79 and a 200-day moving average of $4.00. 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 1-year low of $2.33 and a 1-year high of $6.09. The firm has a market cap of $1.08 billion, a PE ratio of -7.57 and a beta of 0.55.

EVE (NYSE:EVEX) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.01. As a group, sell-side analysts forecast that Eve Holding, Inc. will post -0.5 EPS for the current year.

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.