AEVEX Corp. (NYSE:AVEX) Short Interest Update

AEVEX Corp. (NYSE:AVEX) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 3,500,519 shares, a growth of 274.7% from the June 15th total of 934,262 shares. Based on an average trading volume of 2,932,643 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.1% of the shares of the stock are short sold.

AEVEX Price Performance

NYSE:AVEX traded down $0.59 during trading hours on Monday, reaching $15.87. 1,726,815 shares of the company’s stock were exchanged, compared to its average volume of 2,678,020. The stock has a market cap of $1.81 billion and a P/E ratio of 63.48. AEVEX has a 12 month low of $15.07 and a 12 month high of $42.34. The stock has a 50-day moving average price of $23.42.

Insider Transactions at AEVEX

In related news, major shareholder Madison Dearborn Partners Llc sold 2,273,843 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $25.99, for a total transaction of $59,097,179.57. Following the sale, the insider owned 22,861,457 shares of the company’s stock, valued at $594,169,267.43. The trade was a 9.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian Raduenz bought 50,000 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was purchased at an average price of $20.00 per share, with a total value of $1,000,000.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company’s stock, valued at $1,000,000. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 74,150 shares of company stock worth $1,483,000 in the last three months.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AVEX. Robert W. Baird began coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $38.00 price objective for the company. Wall Street Zen raised AEVEX to a “hold” rating in a report on Saturday, April 25th. Bank of America assumed coverage on shares of AEVEX in a research report on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price target on the stock. William Blair started coverage on shares of AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada initiated coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $31.00 price objective for the company. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.62.