Bank of New York Mellon Corp Buys 7,222 Shares of Eve Holding, Inc. (NYSE:EVEX)

Bank of New York Mellon Corp lifted its stake in shares of Eve Holding, Inc. (NYSE:EVEX) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,292 shares of the company’s stock after acquiring an additional 7,222 shares during the period. Bank of New York Mellon Corp’s holdings in EVE were worth $366,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EVEX. Geode Capital Management LLC increased its position in shares of EVE by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company’s stock worth $5,969,000 after acquiring an additional 246,863 shares in the last quarter. Northern Trust Corp increased its position in shares of EVE by 89.7% during the fourth quarter. Northern Trust Corp now owns 420,000 shares of the company’s stock worth $2,285,000 after acquiring an additional 198,627 shares in the last quarter. JPMorgan Chase & Co. grew its position in EVE by 380.2% in the fourth quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company’s stock valued at $1,014,000 after purchasing an additional 147,632 shares in the last quarter. Connective Capital Management LLC bought a new position in EVE in the fourth quarter valued at $500,000. Finally, Nuveen Asset Management LLC grew its position in EVE by 161.4% in the fourth quarter. Nuveen Asset Management LLC now owns 94,129 shares of the company’s stock valued at $512,000 after purchasing an additional 58,119 shares in the last quarter. Institutional investors own 1.27% of the company’s stock.

EVE Stock Performance

Shares of EVEX stock opened at $6.60 on Tuesday. The stock has a market cap of $1.97 billion, a P/E ratio of -12.00 and a beta of 0.85. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.60 and a quick ratio of 3.60. The company has a fifty day moving average price of $6.23 and a two-hundred day moving average price of $4.78. Eve Holding, Inc. has a one year low of $2.33 and a one year high of $7.70.

EVE (NYSE:EVEX) last posted its earnings results on Monday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). As a group, equities analysts predict that Eve Holding, Inc. will post -0.5 EPS for the current year.

Analyst Upgrades and Downgrades

EVEX has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 target price on shares of EVE in a research report on Monday, June 23rd. HC Wainwright raised their target price on shares of EVE from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, June 9th.

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.