Northern Trust Corp Grows Stock Position in Eve Holding, Inc. (NYSE:EVEX)

Northern Trust Corp boosted its position in Eve Holding, Inc. (NYSE:EVEX) by 89.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420,000 shares of the company’s stock after buying an additional 198,627 shares during the quarter. Northern Trust Corp owned approximately 0.14% of EVE worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of EVEX. Summit Investment Advisors Inc. grew its position in shares of EVE by 257.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company’s stock valued at $29,000 after purchasing an additional 3,850 shares in the last quarter. Legal & General Group Plc grew its position in shares of EVE by 118.0% in the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company’s stock valued at $30,000 after purchasing an additional 3,001 shares in the last quarter. Invesco Ltd. purchased a new position in shares of EVE in the fourth quarter valued at $62,000. Voya Investment Management LLC purchased a new position in shares of EVE in the fourth quarter valued at $75,000. Finally, Intech Investment Management LLC purchased a new position in shares of EVE in the fourth quarter valued at $85,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

EVE Price Performance

NYSE:EVEX opened at $4.38 on Monday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -9.12 and a beta of 0.53. Eve Holding, Inc. has a 52-week low of $2.33 and a 52-week high of $6.09. The stock has a fifty day moving average of $3.72 and a 200 day moving average of $4.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.21 and a current ratio of 5.21.

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