Eve Holding, Inc. $EVEX Shares Purchased by American Century Companies Inc.

Key Points

• American Century Companies Inc. has significantly increased its stake in Eve Holding, Inc. by purchasing an additional 352,424 shares, raising its total holdings to 379,694 shares, representing a 1,292.4% increase in the first quarter.
• Analyst ratings for EVE Holding show a consensus of "Moderate Buy" with an average price target of $6.58, suggesting potential for growth despite the stock recently experiencing a slight decline of 0.6%.
• Institutional investors collectively own 1.27% of EVE stock, with notable increases in holdings from firms such as Northern Trust Corp and Nuveen Asset Management LLC during the latest reporting periods.

American Century Companies Inc. raised its holdings in shares of Eve Holding, Inc. (NYSE:EVEX - Free Report) by 1,292.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,694 shares of the company's stock after acquiring an additional 352,424 shares during the quarter. American Century Companies Inc. owned approximately 0.13% of EVE worth $1,261,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in EVEX. BNP Paribas Financial Markets bought a new position in EVE during the fourth quarter valued at approximately $34,000. Jane Street Group LLC grew its position in EVE by 64.8% in the fourth quarter. Jane Street Group LLC now owns 17,322 shares of the company's stock worth $94,000 after acquiring an additional 6,810 shares in the last quarter. Rhumbline Advisers lifted its position in EVE by 25.5% in the first quarter. Rhumbline Advisers now owns 35,223 shares of the company's stock worth $117,000 after buying an additional 7,154 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of EVE by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 110,292 shares of the company's stock valued at $366,000 after acquiring an additional 7,222 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in EVE by 65.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,928 shares of the company's stock worth $109,000 after purchasing an additional 7,919 shares during the last quarter. Institutional investors own 1.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. HC Wainwright increased their price objective on EVE from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Canaccord Genuity Group dropped their target price on EVE from $7.00 to $6.75 and set a "buy" rating on the stock in a research report on Wednesday, August 20th. BTIG Research reissued a "neutral" rating on shares of EVE in a research report on Tuesday, August 12th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $5.00 price objective on shares of EVE in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $6.58.

EVE Stock Down 4.0%

Shares of NYSE EVEX traded down $0.16 during mid-day trading on Monday, hitting $3.77. The company had a trading volume of 716,024 shares, compared to its average volume of 424,349. The company has a market capitalization of $1.13 billion, a PE ratio of -5.98 and a beta of 0.82. The business's 50-day simple moving average is $5.85 and its 200 day simple moving average is $4.77. Eve Holding, Inc. has a 1-year low of $2.61 and a 1-year high of $7.70. The company has a debt-to-equity ratio of 11.46, a current ratio of 2.77 and a quick ratio of 2.77.

EVE (NYSE:EVEX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.06). On average, analysts predict that Eve Holding, Inc. will post -0.5 earnings per share for the current year.

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.