Legal & General Group Plc Purchases 3,001 Shares of Eve Holding, Inc. (NYSE:EVEX)

Legal & General Group Plc grew its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 118.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,545 shares of the company’s stock after buying an additional 3,001 shares during the quarter. Legal & General Group Plc’s holdings in EVE were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. purchased a new position in shares of EVE in the 3rd quarter valued at approximately $53,000. Invesco Ltd. purchased a new stake in shares of EVE in the fourth quarter valued at approximately $62,000. Intech Investment Management LLC acquired a new position in EVE in the 4th quarter valued at about $85,000. Sei Investments Co. purchased a new position in EVE during the fourth quarter worth about $108,000. Finally, SG Americas Securities LLC lifted its stake in EVE by 112.6% during the 4th quarter. SG Americas Securities LLC now owns 22,651 shares of the company’s stock worth $123,000 after acquiring an additional 11,996 shares in the last quarter. 1.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EVEX has been the subject of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $6.00 price objective on shares of EVE in a report on Wednesday, March 12th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of EVE in a report on Friday, March 14th.

EVE Stock Down 1.3 %

Shares of NYSE:EVEX opened at $3.52 on Friday. The company has a market capitalization of $1.05 billion, a P/E ratio of -7.32 and a beta of 0.55. The stock’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $4.04. Eve Holding, Inc. has a 52-week low of $2.33 and a 52-week high of $6.09. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42.

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

EVE Profile

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.