Kapitalo Investimentos Ltda Increases Holdings in Eve Holding, Inc. $EVEX

Kapitalo Investimentos Ltda grew its position in shares of Eve Holding, Inc. (NYSE:EVEX) by 120.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,100,000 shares of the company’s stock after acquiring an additional 600,000 shares during the quarter. EVE makes up 0.8% of Kapitalo Investimentos Ltda’s holdings, making the stock its 24th largest holding. Kapitalo Investimentos Ltda’s holdings in EVE were worth $4,191,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EVEX. BNP Paribas Financial Markets increased its position in EVE by 144.8% during the second quarter. BNP Paribas Financial Markets now owns 5,276 shares of the company’s stock valued at $36,000 after acquiring an additional 3,121 shares during the last quarter. Bank of America Corp DE grew its stake in shares of EVE by 18.2% during the 2nd quarter. Bank of America Corp DE now owns 38,299 shares of the company’s stock valued at $263,000 after purchasing an additional 5,908 shares during the period. Rhumbline Advisers increased its position in shares of EVE by 25.5% during the 1st quarter. Rhumbline Advisers now owns 35,223 shares of the company’s stock valued at $117,000 after purchasing an additional 7,154 shares during the last quarter. Ethic Inc. lifted its stake in shares of EVE by 54.6% in the 2nd quarter. Ethic Inc. now owns 22,300 shares of the company’s stock worth $149,000 after purchasing an additional 7,874 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of EVE by 5.2% in the second quarter. Legal & General Group Plc now owns 165,336 shares of the company’s stock worth $1,134,000 after buying an additional 8,108 shares during the last quarter. Institutional investors own 1.27% of the company’s stock.

EVE Stock Down 2.3%

EVEX opened at $4.08 on Thursday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -6.27 and a beta of 0.83. The company has a debt-to-equity ratio of 0.91, a quick ratio of 5.21 and a current ratio of 5.21. The firm’s fifty day moving average is $4.40 and its 200 day moving average is $4.65. Eve Holding, Inc. has a fifty-two week low of $2.83 and a fifty-two week high of $7.70.

EVE (NYSE:EVEX) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. On average, sell-side analysts forecast that Eve Holding, Inc. will post -0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EVEX has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a report on Monday, November 24th. Canaccord Genuity Group boosted their price objective on shares of EVE from $6.75 to $7.50 and gave the company a “buy” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. decreased their target price on EVE from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. The Goldman Sachs Group initiated coverage on EVE in a report on Monday, December 1st. They set a “neutral” rating and a $4.84 price target for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, EVE currently has a consensus rating of “Hold” and a consensus target price of $6.47.

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.