SPX Gestao de Recursos Ltda Sells 552,062 Shares of Eve Holding, Inc. $EVEX

SPX Gestao de Recursos Ltda decreased its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 19.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,293,630 shares of the company’s stock after selling 552,062 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in EVE were worth $5,688,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in EVE by 167.8% in the 1st quarter. AQR Capital Management LLC now owns 52,456 shares of the company’s stock worth $174,000 after purchasing an additional 32,868 shares during the period. Strs Ohio bought a new stake in shares of EVE during the 1st quarter worth approximately $75,000. Rhumbline Advisers boosted its holdings in EVE by 25.5% during the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock valued at $117,000 after acquiring an additional 7,154 shares during the period. Legal & General Group Plc boosted its holdings in EVE by 5.2% during the 2nd quarter. Legal & General Group Plc now owns 165,336 shares of the company’s stock valued at $1,134,000 after acquiring an additional 8,108 shares during the period. Finally, Marshall Wace LLP bought a new position in EVE in the 2nd quarter valued at $326,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EVEX has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Finally, Canaccord Genuity Group reduced their target price on shares of EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, EVE presently has a consensus rating of “Hold” and an average price target of $6.02.

EVE Trading Down 2.5%

NYSE:EVEX opened at $2.17 on Friday. The firm has a 50-day simple moving average of $2.80 and a 200-day simple moving average of $3.11. Eve Holding, Inc. has a one year low of $2.10 and a one year high of $7.47. The firm has a market cap of $757.56 million, a P/E ratio of -2.98 and a beta of 1.13. The company has a debt-to-equity ratio of 5.45, a quick ratio of 3.80 and a current ratio of 3.80.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.05). Equities analysts anticipate that Eve Holding, Inc. will post -0.73 EPS for the current fiscal year.

EVE Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.