Sabby Management LLC Takes $886,000 Position in Eve Holding, Inc. $EVEX

Sabby Management LLC purchased a new stake in Eve Holding, Inc. (NYSE:EVEX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 232,458 shares of the company’s stock, valued at approximately $886,000. EVE comprises about 1.0% of Sabby Management LLC’s investment portfolio, making the stock its 5th biggest position. Sabby Management LLC owned about 0.08% of EVE at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EVEX. Kapitalo Investimentos Ltda increased its stake in EVE by 120.0% in the third quarter. Kapitalo Investimentos Ltda now owns 1,100,000 shares of the company’s stock valued at $4,191,000 after purchasing an additional 600,000 shares during the period. Sagil Capital LLP purchased a new stake in shares of EVE in the second quarter valued at about $1,908,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of EVE during the third quarter worth about $9,382,000. SPX Gestao de Recursos Ltda purchased a new position in shares of EVE during the third quarter worth about $2,244,000. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of EVE by 236.9% during the second quarter. Itau Unibanco Holding S.A. now owns 80,000 shares of the company’s stock worth $549,000 after buying an additional 56,252 shares during the last quarter. Institutional investors and hedge funds own 1.27% of the company’s stock.

EVE Stock Down 0.9%

Shares of EVE stock opened at $2.76 on Friday. Eve Holding, Inc. has a one year low of $2.72 and a one year high of $7.70. The company has a market cap of $959.57 million, a P/E ratio of -4.24 and a beta of 0.88. 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 has a fifty day moving average of $3.63 and a two-hundred day moving average of $4.03.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of EVE in a research note on Monday, February 9th. The Goldman Sachs Group started coverage on EVE in a research note on Monday, December 1st. They issued a “neutral” rating and a $4.84 target price on the stock. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, EVE has a consensus rating of “Hold” and a consensus price target 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.