Bluemountain Capital Management buys $90.2 Million stake in B/E Aerospace Inc (BEAV)

B/E Aerospace Inc (BEAV) : Bluemountain Capital Management scooped up 192,285 additional shares in B/E Aerospace Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,929,764 shares of B/E Aerospace Inc which is valued at $90.2 Million.B/E Aerospace Inc makes up approximately 3.39% of Bluemountain Capital Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp added BEAV to its portfolio by purchasing 9,056 company shares during the most recent quarter which is valued at $423,459.Keybank National Associationoh reduced its stake in BEAV by selling 21 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 7,451 shares of BEAV which is valued at $348,409. Oxford Asset Management sold out all of its stake in BEAV during the most recent quarter. The investment firm sold 114,769 shares of BEAV which is valued $5.4 Million.Engineers Gate Manager Lp boosted its stake in BEAV in the latest quarter, The investment management firm added 20,781 additional shares and now holds a total of 96,752 shares of B/E Aerospace Inc which is valued at $4.5 Million. B/E Aerospace Inc makes up approx 0.36% of Engineers Gate Manager Lp’s portfolio.Bbva Compass Bancshares Inc boosted its stake in BEAV in the latest quarter, The investment management firm added 1,961 additional shares and now holds a total of 13,790 shares of B/E Aerospace Inc which is valued at $656,266. B/E Aerospace Inc makes up approx 0.05% of Bbva Compass Bancshares Inc’s portfolio.

B/E Aerospace Inc opened for trading at $47.13 and hit $47.52 on the upside on Wednesday, eventually ending the session at $47.28, with a gain of 0.83% or 0.39 points. The heightened volatility saw the trading volume jump to 6,90,296 shares. Company has a market cap of $4,832 M.

On the company’s financial health, B/E Aerospace Inc reported $0.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.79. The company had revenue of $716.70 million for the quarter, compared to analysts expectations of $697.63 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Many Wall Street Analysts have commented on B/E Aerospace Inc. B/E Aerospace Inc was Downgraded by JP Morgan to ” Neutral” on May 20, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 51 from a previous price target of $48 .Company shares were Reiterated by Canaccord Genuity on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .

B/E Aerospace Inc. is a manufacturer of cabin interior products for commercial aircraft and business jets. The Company sells its products and provides services directly to various airlines and aerospace manufacturers across the world. The Company operates through two segments: commercial aircraft (CAS) and business jet (BJS). The Company’s commercial aircraft (CAS) segment offers a range of seating products oxygen delivery systems coffee makers and water boilers ovens and refrigeration equipment modular lavatory wastewater and galley systems and also provides engineering design integration installation and certification services. The Company’s business jet segment offers a range of furnishings and interior packages for business jets.

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