UBS Group AG boosted its position in shares of B/E Aerospace Inc (NASDAQ:BEAV) by 164.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,031 shares of the aerospace company’s stock after buying an additional 122,548 shares during the period. UBS Group AG’s holdings in B/E Aerospace were worth $12,632,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BEAV. CNH Partners LLC bought a new position in shares of B/E Aerospace during the fourth quarter valued at $153,533,000. Paulson & CO. Inc. bought a new position in shares of B/E Aerospace during the fourth quarter valued at $79,240,000. Norges Bank bought a new position in shares of B/E Aerospace during the fourth quarter valued at $66,664,000. Congress Asset Management Co. MA bought a new position in shares of B/E Aerospace during the fourth quarter valued at $53,266,000. Finally, Westchester Capital Management LLC bought a new position in shares of B/E Aerospace during the fourth quarter valued at $52,310,000. Hedge funds and other institutional investors own 91.98% of the company’s stock.

B/E Aerospace Inc (BEAV) remained flat at $64.47 during trading on Friday. The stock’s 50 day moving average price is $64.21 and its 200 day moving average price is $60.07. B/E Aerospace Inc has a 1-year low of $42.57 and a 1-year high of $65.26.

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Separately, Jefferies Group LLC reissued a “hold” rating and issued a $62.00 price objective on shares of B/E Aerospace in a research report on Tuesday, April 18th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.33.

About B/E Aerospace

B/E Aerospace, Inc is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services directly to airlines and aerospace manufacturer. It operates through two segments. The Company manufactures aircraft seats, offering a selection of first class, business class, tourist class and regional aircraft seats.

Institutional Ownership by Quarter for B/E Aerospace (NASDAQ:BEAV)

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