2,462,421 Shares in Eve Holding, Inc. $EVEX Bought by BW Gestao de Investimentos Ltda.

Key Points

• BW Gestao de Investimentos Ltda. bought 2,462,421 shares of Eve Holding (NYSE:EVEX) in Q3, a new stake worth about $9.38 million, representing roughly 0.82% of the company.
• Wall Street consensus on EVEX is a Hold with a $6.47 target; the stock opened at $3.01 (52‑week range $2.81–$7.70) and the company has a market cap of about $1.05 billion.
• Institutional investors and hedge funds own only about 1.27% of EVE, though several funds (e.g., Arizona State Retirement System, BNP Paribas, AXQ Capital, Bank of America, Rhumbline) modestly increased their positions recently.

BW Gestao de Investimentos Ltda. purchased a new stake in Eve Holding, Inc. (NYSE:EVEX - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,462,421 shares of the company's stock, valued at approximately $9,382,000. BW Gestao de Investimentos Ltda. owned about 0.82% of EVE at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Arizona State Retirement System raised its position in shares of EVE by 17.6% during the third quarter. Arizona State Retirement System now owns 20,436 shares of the company's stock worth $78,000 after acquiring an additional 3,063 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in EVE by 144.8% in the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company's stock valued at $36,000 after acquiring an additional 3,121 shares during the last quarter. AXQ Capital LP increased its position in EVE by 32.6% during the 3rd quarter. AXQ Capital LP now owns 14,211 shares of the company's stock valued at $54,000 after purchasing an additional 3,490 shares during the period. Bank of America Corp DE raised its holdings in EVE by 18.2% during the 2nd quarter. Bank of America Corp DE now owns 38,299 shares of the company's stock worth $263,000 after purchasing an additional 5,908 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in EVE by 25.5% during the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company's stock worth $117,000 after purchasing an additional 7,154 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EVEX shares. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of EVE in a research note on Monday, February 9th. The Goldman Sachs Group began coverage on shares of EVE in a research note on Monday, December 1st. They set a "neutral" rating and a $4.84 target price for the company. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.47.

EVE Trading Up 2.9%

EVEX opened at $3.01 on Tuesday. Eve Holding, Inc. has a fifty-two week low of $2.81 and a fifty-two week high of $7.70. The firm has a market capitalization of $1.05 billion, a PE ratio of -4.62 and a beta of 0.88. The company has a debt-to-equity ratio of 0.91, a current ratio of 5.21 and a quick ratio of 5.21. The company's 50-day moving average is $3.72 and its 200 day moving average is $4.07.

EVE Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.