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

Northern Trust Corp lifted its stake in Eve Holding, Inc. (NYSE:EVEX - Free Report) by 89.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 420,000 shares of the company's stock after buying an additional 198,627 shares during the period. Northern Trust Corp owned approximately 0.14% of EVE worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EVEX. Geode Capital Management LLC increased its stake in EVE by 29.0% in the fourth quarter. Geode Capital Management LLC now owns 1,096,885 shares of the company's stock valued at $5,969,000 after acquiring an additional 246,863 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of EVE by 380.2% in the 4th quarter. JPMorgan Chase & Co. now owns 186,462 shares of the company's stock valued at $1,014,000 after purchasing an additional 147,632 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of EVE by 22.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 408,274 shares of the company's stock valued at $2,221,000 after purchasing an additional 75,542 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of EVE by 69.7% during the 4th quarter. Bank of New York Mellon Corp now owns 103,070 shares of the company's stock worth $561,000 after buying an additional 42,344 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of EVE during the 4th quarter worth $212,000. Institutional investors and hedge funds own 1.27% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. HC Wainwright reiterated a "buy" rating and issued a $6.00 target price on shares of EVE in a research report on Wednesday, March 12th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $5.00 price target on shares of EVE in a report on Friday, March 14th.

EVE Price Performance

EVEX traded down $0.17 on Friday, reaching $5.34. The stock had a trading volume of 37,898 shares, compared to its average volume of 252,961. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -11.14 and a beta of 0.53. Eve Holding, Inc. has a fifty-two week low of $2.33 and a fifty-two week high of $6.09. The firm has a 50-day moving average of $3.84 and a 200-day moving average of $4.19.

EVE (NYSE:EVEX - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate 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 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.