American Century Companies Inc. Purchases 352,424 Shares of Eve Holding, Inc. $EVEX

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. lifted its position in Eve Holding, Inc. (NYSE:EVEX - Free Report) by 1,292.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 379,694 shares of the company's stock after buying an additional 352,424 shares during the period. American Century Companies Inc. owned about 0.13% of EVE worth $1,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of EVE in the fourth quarter worth approximately $34,000. KLP Kapitalforvaltning AS purchased a new position in shares of EVE during the first quarter valued at approximately $39,000. Ethic Inc. purchased a new position in shares of EVE during the fourth quarter valued at approximately $74,000. Voya Investment Management LLC purchased a new position in shares of EVE during the fourth quarter valued at approximately $75,000. Finally, ProShare Advisors LLC purchased a new position in shares of EVE during the fourth quarter valued at approximately $78,000. Institutional investors own 1.27% of the company's stock.

EVE Price Performance

Shares of NYSE:EVEX traded up $0.04 during midday trading on Tuesday, reaching $3.81. 251,656 shares of the company were exchanged, compared to its average volume of 425,652. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 11.46. The business's fifty day moving average is $5.79 and its two-hundred day moving average is $4.76. Eve Holding, Inc. has a one year low of $2.61 and a one year high of $7.70. The stock has a market cap of $1.14 billion, a PE ratio of -6.02 and a beta of 0.82.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BTIG Research reaffirmed a "neutral" rating on shares of EVE in a report on Tuesday, August 12th. HC Wainwright upped their target price on shares of EVE from $6.00 to $8.00 and gave the company a "buy" rating in a report on Monday, June 9th. Canaccord Genuity Group reduced their target price on shares of EVE from $7.00 to $6.75 and set a "buy" rating for the company in a report on Wednesday, August 20th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 target price on shares of EVE in a report on Monday, June 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $6.58.

About EVE

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.