Northern Trust Corp Buys 198,627 Shares of Eve Holding, Inc. (NYSE:EVEX)

Northern Trust Corp grew its stake in shares of Eve Holding, Inc. (NYSE:EVEX - Free Report) by 89.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 420,000 shares of the company's stock after purchasing an additional 198,627 shares during the quarter. Northern Trust Corp owned approximately 0.14% of EVE worth $2,285,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of EVE by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company's stock valued at $5,969,000 after purchasing an additional 246,863 shares during the period. Charles Schwab Investment Management Inc. lifted its position in EVE by 22.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 408,274 shares of the company's stock valued at $2,221,000 after buying an additional 75,542 shares during the period. JPMorgan Chase & Co. lifted its position in EVE by 380.2% during the fourth quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company's stock valued at $1,014,000 after buying an additional 147,632 shares during the period. Bank of New York Mellon Corp lifted its position in EVE by 69.7% during the fourth quarter. Bank of New York Mellon Corp now owns 103,070 shares of the company's stock valued at $561,000 after buying an additional 42,344 shares during the period. Finally, Barclays PLC lifted its position in EVE by 84.4% during the fourth quarter. Barclays PLC now owns 81,016 shares of the company's stock valued at $441,000 after buying an additional 37,085 shares during the period. Hedge funds and other institutional investors own 1.27% of the company's stock.

Analyst Upgrades and Downgrades

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

EVE Stock Up 10.8%

Shares of NYSE:EVEX traded up $0.53 on Wednesday, hitting $5.43. 256,625 shares of the company traded hands, compared to its average volume of 252,403. Eve Holding, Inc. has a 52 week low of $2.33 and a 52 week high of $6.09. The company has a quick ratio of 5.21, a current ratio of 5.21 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $3.77 and a 200-day simple moving average of $4.16. The company has a market cap of $1.62 billion, a PE ratio of -11.31 and a beta of 0.53.

EVE (NYSE:EVEX - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.03). As a group, research analysts expect that Eve Holding, Inc. will post -0.5 earnings per share for the current 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.