Eve Holding, Inc. $EVEX Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC reduced its position in shares of Eve Holding, Inc. (NYSE:EVEX) by 20.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,915 shares of the company’s stock after selling 6,845 shares during the period. MetLife Investment Management LLC’s holdings in EVE were worth $86,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EVEX. Price T Rowe Associates Inc. MD grew its holdings in EVE by 65.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,928 shares of the company’s stock worth $109,000 after acquiring an additional 7,919 shares during the period. Voya Investment Management LLC acquired a new position in EVE during the fourth quarter worth about $75,000. The Manufacturers Life Insurance Company acquired a new position in EVE during the fourth quarter worth about $87,000. Northern Trust Corp boosted its position in shares of EVE by 89.7% in the 4th quarter. Northern Trust Corp now owns 420,000 shares of the company’s stock valued at $2,285,000 after purchasing an additional 198,627 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of EVE by 64.8% in the 4th quarter. Jane Street Group LLC now owns 17,322 shares of the company’s stock valued at $94,000 after purchasing an additional 6,810 shares during the period. 1.27% of the stock is owned by institutional investors and hedge funds.

EVE Trading Down 2.3%

Shares of NYSE EVEX opened at $3.67 on Thursday. Eve Holding, Inc. has a one year low of $2.61 and a one year high of $7.70. The business has a 50-day moving average price of $5.65 and a two-hundred day moving average price of $4.75. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 11.46. The firm has a market capitalization of $1.10 billion, a PE ratio of -5.82 and a beta of 0.82.

EVE (NYSE:EVEX) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). As a group, analysts predict that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EVEX shares. Canaccord Genuity Group decreased their price target on EVE from $7.00 to $6.75 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $5.00 price target on shares of EVE in a research report on Monday, June 23rd. HC Wainwright increased their price target on EVE from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of EVE in a research report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.58.

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.