UBS Group AG Increases Stake in Eve Holding, Inc. $EVEX

UBS Group AG increased its position in shares of Eve Holding, Inc. (NYSE:EVEX) by 56.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 799,049 shares of the company’s stock after buying an additional 289,813 shares during the period. UBS Group AG owned about 0.23% of EVE worth $3,188,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in EVEX. Vanguard Group Inc. increased its stake in shares of EVE by 117.6% during the third quarter. Vanguard Group Inc. now owns 5,226,742 shares of the company’s stock valued at $19,914,000 after buying an additional 2,824,536 shares during the period. Cooper Creek Partners Management LLC purchased a new position in shares of EVE during the third quarter valued at $9,608,000. BW Gestao de Investimentos Ltda. purchased a new position in shares of EVE during the third quarter valued at $9,382,000. Centiva Capital LP purchased a new position in shares of EVE during the third quarter valued at $5,104,000. Finally, Masters Capital Management LLC increased its stake in shares of EVE by 52.5% during the third quarter. Masters Capital Management LLC now owns 3,050,000 shares of the company’s stock valued at $11,620,000 after buying an additional 1,050,000 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on EVEX shares. Canaccord Genuity Group cut their target price on EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVE in a research note on Friday, April 24th. Cantor Fitzgerald cut their target price on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. Finally, JPMorgan Chase & Co. cut their target price on EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.42.

EVE Price Performance

EVEX opened at $3.05 on Monday. The business’s 50-day moving average is $2.78 and its two-hundred day moving average is $3.55. Eve Holding, Inc. has a 1 year low of $2.34 and a 1 year high of $7.70. The company has a debt-to-equity ratio of 5.45, a current ratio of 3.80 and a quick ratio of 3.80. The firm has a market capitalization of $1.06 billion, a PE ratio of -4.17 and a beta of 1.04.

EVE (NYSE:EVEX) last posted its earnings results 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). Research analysts anticipate that Eve Holding, Inc. will post -0.73 earnings per share for the current fiscal year.

About EVE

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.