Cooper Creek Partners Management LLC Cuts Stock Holdings in Eve Holding, Inc. $EVEX

Cooper Creek Partners Management LLC lessened its stake in Eve Holding, Inc. (NYSE:EVEX) by 54.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,097,260 shares of the company’s stock after selling 1,291,235 shares during the quarter. Cooper Creek Partners Management LLC’s holdings in EVE were worth $2,721,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EVEX. UBS Group AG raised its position in shares of EVE by 56.9% in the 4th quarter. UBS Group AG now owns 799,049 shares of the company’s stock worth $3,188,000 after buying an additional 289,813 shares during the period. BW Gestao de Investimentos Ltda. grew its position in EVE by 49.7% during the fourth quarter. BW Gestao de Investimentos Ltda. now owns 3,686,140 shares of the company’s stock valued at $14,708,000 after acquiring an additional 1,223,719 shares during the period. HITE Hedge Asset Management LLC purchased a new stake in EVE during the fourth quarter valued at about $2,471,000. SG Americas Securities LLC increased its stake in EVE by 52.3% during the first quarter. SG Americas Securities LLC now owns 17,001 shares of the company’s stock worth $42,000 after acquiring an additional 5,840 shares during the last quarter. Finally, Canal Insurance CO increased its stake in EVE by 219.5% during the first quarter. Canal Insurance CO now owns 31,948 shares of the company’s stock worth $79,000 after acquiring an additional 21,948 shares during the last quarter. 1.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EVEX. Weiss Ratings restated a “sell (e+)” rating on shares of EVE in a report on Tuesday. Canaccord Genuity Group decreased their target price on EVE from $7.50 to $7.25 and set a “buy” rating for the company in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.02.

EVE Stock Performance

Shares of EVEX stock opened at $2.27 on Friday. The company’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $3.06. Eve Holding, Inc. has a 52 week low of $2.10 and a 52 week high of $7.19. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 5.45. The company has a market cap of $792.38 million, a PE ratio of -3.12 and a beta of 1.13.

EVE (NYSE:EVEX) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.05). As a group, equities research analysts anticipate that Eve Holding, Inc. will post -0.73 EPS for the current year.

EVE 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.