Banco BTG Pactual S.A. Cuts Stock Holdings in Eve Holding, Inc. $EVEX

Banco BTG Pactual S.A. decreased its holdings in shares of Eve Holding, Inc. (NYSE:EVEX) by 41.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 346,500 shares of the company’s stock after selling 250,000 shares during the period. Banco BTG Pactual S.A.’s holdings in EVE were worth $1,383,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC increased its position in EVE by 58.4% during the 4th quarter. Nuveen LLC now owns 135,282 shares of the company’s stock valued at $540,000 after purchasing an additional 49,870 shares during the period. Deutsche Bank AG increased its position in EVE by 68.1% during the 4th quarter. Deutsche Bank AG now owns 66,431 shares of the company’s stock valued at $265,000 after purchasing an additional 26,920 shares during the period. Los Angeles Capital Management LLC purchased a new position in EVE during the 4th quarter valued at about $108,000. CIBC Asset Management Inc purchased a new position in EVE during the 4th quarter valued at about $75,000. Finally, Goldman Sachs Group Inc. increased its position in EVE by 126.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 800,102 shares of the company’s stock valued at $3,192,000 after purchasing an additional 446,775 shares during the period. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EVEX shares. JPMorgan Chase & Co. cut their target price on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Canaccord Genuity Group cut their target price on shares of EVE from $7.50 to $7.25 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of EVE in a research report on Friday, April 24th. Finally, Cantor Fitzgerald cut their price objective on shares of EVE from $7.00 to $6.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.02.

EVE Stock Up 5.3%

Shares of EVE stock opened at $2.71 on Friday. The firm’s 50 day moving average price is $2.93 and its 200-day moving average price is $3.46. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 5.45. Eve Holding, Inc. has a 52-week low of $2.34 and a 52-week high of $7.70. The company has a market cap of $942.15 million, a P/E ratio of -3.71 and a beta of 1.09.

EVE (NYSE:EVEX) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). On average, sell-side analysts predict that Eve Holding, Inc. will post -0.73 EPS for the current fiscal year.

About EVE

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.