Readystate Asset Management LP Takes Position in AEVEX Corp. $AVEX

Readystate Asset Management LP purchased a new position in shares of AEVEX Corp. (NYSE:AVEX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,044,000.

Separately, Concurrent Investment Advisors LLC acquired a new position in AEVEX in the 2nd quarter valued at $2,381,000.

AEVEX Price Performance

AEVEX stock opened at $16.53 on Tuesday. The company has a market cap of $1.89 billion and a price-to-earnings ratio of 51.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 5.50 and a current ratio of 5.66. The business’s fifty day moving average is $17.89. AEVEX Corp. has a one year low of $13.07 and a one year high of $42.34.

AEVEX (NYSE:AVEX) last released its earnings results on Wednesday, August 12th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The firm had revenue of $201.79 million during the quarter, compared to analysts’ expectations of $155.15 million. The firm’s quarterly revenue was up 99.5% compared to the same quarter last year. Sell-side analysts expect that AEVEX Corp. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AVEX. William Blair initiated coverage on AEVEX in a report on Tuesday, May 12th. They set an “outperform” rating for the company. Royal Bank Of Canada began coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued an “outperform” rating and a $31.00 price target on the stock. Raymond James Financial assumed coverage on shares of AEVEX in a research report on Tuesday, May 12th. They set an “outperform” rating and a $35.00 price target on the stock. Bank of America started coverage on shares of AEVEX in a research note on Tuesday, May 12th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, Zacks Research raised shares of AEVEX to a “hold” rating in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.89.

AEVEX Company Profile

AEVEX Corp. is a holding company which designs, manufactures and provides autonomous systems and navigation technologies. The company’s operating segment includes tactical systems and global solutions. AEVEX Corp. is based in Solana Beach, California.