50,000 Shares in AEVEX Corp. $AVEX Acquired by Readystate Asset Management LP

Readystate Asset Management LP acquired a new stake in AEVEX Corp. (NYSE:AVEX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 50,000 shares of the company’s stock, valued at approximately $1,044,000.

Separately, Alyeska Investment Group L.P. acquired a new position in AEVEX during the second quarter valued at approximately $19,903,000.

AEVEX Price Performance

AVEX stock opened at $16.53 on Tuesday. The firm has a market cap of $1.89 billion and a PE 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 stock’s 50 day moving average is $17.89. AEVEX Corp. has a 1 year low of $13.07 and a 1 year high of $42.34.

AEVEX (NYSE:AVEX) last issued 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 business had revenue of $201.79 million for the quarter, compared to analysts’ expectations of $155.15 million. The company’s revenue for the quarter was up 99.5% on a year-over-year basis. On average, equities research analysts anticipate that AEVEX Corp. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada began coverage on AEVEX in a report on Tuesday, May 12th. They issued an “outperform” rating and a $31.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on AEVEX from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Zacks Research upgraded AEVEX to a “hold” rating in a research report on Wednesday, May 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price objective on shares of AEVEX in a research note on Thursday, August 13th. Finally, Piper Sandler initiated coverage on AEVEX in a research report on Wednesday, September 2nd. They issued a “neutral” rating and a $20.00 target price on the stock. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.89.

About AEVEX

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.