The Manufacturers Life Insurance Company Makes New $87,000 Investment in Eve Holding, Inc. (NYSE:EVEX)

The Manufacturers Life Insurance Company acquired a new stake in Eve Holding, Inc. (NYSE:EVEX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,977 shares of the company’s stock, valued at approximately $87,000.

A number of other large investors have also made changes to their positions in the company. Summit Investment Advisors Inc. raised its holdings in EVE by 257.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock worth $29,000 after buying an additional 3,850 shares during the period. Legal & General Group Plc lifted its position in EVE by 118.0% in the 4th quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $30,000 after acquiring an additional 3,001 shares in the last quarter. Invesco Ltd. acquired a new position in EVE in the 4th quarter worth $62,000. Voya Investment Management LLC acquired a new position in EVE in the 4th quarter worth $75,000. Finally, Intech Investment Management LLC bought a new position in EVE during the 4th quarter worth about $85,000. Institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

EVE Stock Performance

Shares of EVEX stock opened at $4.82 on Tuesday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -10.04 and a beta of 0.53. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $3.62 and its 200-day moving average price is $4.10. Eve Holding, Inc. has a 12 month low of $2.33 and a 12 month high of $6.09.

EVE (NYSE:EVEX) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Equities research analysts forecast that Eve Holding, Inc. will post -0.5 EPS for the current 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.