Connective Capital Management LLC Acquires New Position in Eve Holding, Inc. (NYSE:EVEX)

Connective Capital Management LLC bought a new stake in shares of Eve Holding, Inc. (NYSE:EVEX - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 91,961 shares of the company's stock, valued at approximately $500,000. EVE comprises approximately 0.6% of Connective Capital Management LLC's investment portfolio, making the stock its 29th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its holdings in shares of EVE by 257.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,345 shares of the company's stock worth $29,000 after acquiring an additional 3,850 shares during the period. Legal & General Group Plc raised its stake in EVE by 118.0% during the fourth quarter. Legal & General Group Plc now owns 5,545 shares of the company's stock worth $30,000 after acquiring an additional 3,001 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of EVE in the 4th quarter worth about $34,000. Invesco Ltd. acquired a new stake in shares of EVE during the 4th quarter worth about $62,000. Finally, Ethic Inc. bought a new position in EVE during the 4th quarter valued at about $74,000. 1.27% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on EVEX. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price objective on shares of EVE in a research note on Friday, March 14th. HC Wainwright restated a "buy" rating and set a $6.00 price target on shares of EVE in a research report on Wednesday, March 12th.

EVE Price Performance

Shares of EVE stock traded down $0.02 during trading on Monday, reaching $4.38. The company's stock had a trading volume of 104,364 shares, compared to its average volume of 251,847. The stock has a 50-day moving average price of $3.72 and a two-hundred day moving average price of $4.15. The stock has a market capitalization of $1.30 billion, a P/E ratio of -9.12 and a beta of 0.53. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. Eve Holding, Inc. has a one year low of $2.33 and a one year high of $6.09.

EVE (NYSE:EVEX - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.03). As a group, sell-side analysts anticipate that Eve Holding, Inc. will post -0.5 EPS for the current fiscal year.

EVE Company 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.