Squarepoint Ops LLC Acquires Shares of 36,795 Eve Holding, Inc. (NYSE:EVEX)

Squarepoint Ops LLC bought a new position in shares of Eve Holding, Inc. (NYSE:EVEX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,795 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. increased its stake 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 grew its stake in shares of EVE by 118.0% during the fourth 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. BNP Paribas Financial Markets purchased a new stake in shares of EVE during the fourth quarter worth about $34,000. Invesco Ltd. acquired a new position in shares of EVE in the fourth quarter worth about $62,000. Finally, Ethic Inc. acquired a new position in shares of EVE in the fourth quarter worth about $74,000. 1.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EVEX. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 price objective on shares of EVE in a research note on Friday, March 14th. HC Wainwright reiterated a “buy” rating and set a $6.00 target price on shares of EVE in a research note on Wednesday, March 12th.

EVE Stock Performance

Shares of EVE stock opened at $5.48 on Monday. 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 Holding, Inc. has a 1 year low of $2.33 and a 1 year high of $6.09. The firm’s 50-day simple moving average is $4.05 and its 200-day simple moving average is $4.30. The firm has a market cap of $1.63 billion, a PE ratio of -11.42 and a beta of 0.77.

EVE (NYSE:EVEX) last announced 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). Equities 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.