SPX Gestao de Recursos Ltda Purchases New Holdings in Eve Holding, Inc. $EVEX

SPX Gestao de Recursos Ltda acquired a new position in Eve Holding, Inc. (NYSE:EVEX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 414,632 shares of the company’s stock, valued at approximately $1,041,000. SPX Gestao de Recursos Ltda owned 0.12% of EVE as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda purchased a new stake in EVE in the second quarter worth $2,761,000. UBS Group AG boosted its holdings in shares of EVE by 56.9% during the 4th quarter. UBS Group AG now owns 799,049 shares of the company’s stock valued at $3,188,000 after buying an additional 289,813 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of EVE in the 1st quarter worth about $854,000. BW Gestao de Investimentos Ltda. grew its position in shares of EVE by 49.7% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 3,686,140 shares of the company’s stock worth $14,708,000 after buying an additional 1,223,719 shares during the period. Finally, HITE Hedge Asset Management LLC purchased a new position in EVE during the 4th quarter valued at about $2,471,000. 1.27% of the stock is currently owned by hedge funds and other institutional investors.

EVE Stock Performance

Shares of NYSE EVEX opened at $2.33 on Friday. The firm’s 50-day moving average price is $2.52 and its 200-day moving average price is $2.77. Eve Holding, Inc. has a 52-week low of $2.10 and a 52-week high of $5.16. The company has a market cap of $811.98 million, a PE ratio of -3.76 and a beta of 1.14. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 13.65.

EVE (NYSE:EVEX) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.08. As a group, analysts anticipate that Eve Holding, Inc. will post -0.69 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on EVEX shares. JPMorgan Chase & Co. raised their target price on shares of EVE from $6.00 to $6.50 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Jefferies Financial Group set a $5.00 target price on EVE in a research note on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research report on Tuesday, July 21st. D. Boral Capital began coverage on shares of EVE in a report on Friday, August 21st. They set a “buy” rating and a $6.00 price target on the stock. Finally, Canaccord Genuity Group cut their target price on EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, EVE presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.93.

EVE Company Profile

Eve Holding, Inc (NYSE: EVEX) is the publicly traded parent of Eve Air Mobility, a company dedicated to developing sustainable urban air mobility solutions. Through its engineering and design capabilities, Eve focuses on creating electric vertical takeoff and landing (eVTOL) aircraft tailored for short-haul passenger and cargo transport in densely populated areas.

The company’s flagship offering is an eVTOL aircraft designed to deliver clean, quiet and efficient point-to-point service, backed by an integrated digital platform for air traffic management.