B/E Aerospace Inc (BEAV) : Gibraltar Capital Management reduced its stake in B/E Aerospace Inc by 1.87% during the most recent quarter end. The investment management company now holds a total of 65,025 shares of B/E Aerospace Inc which is valued at $3,095,840 after selling 1,240 shares in B/E Aerospace Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.B/E Aerospace Inc makes up approximately 3.61% of Gibraltar Capital Management’s portfolio.
Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in BEAV by selling 1,066 shares or 9.58% in the most recent quarter. The Hedge Fund company now holds 10,064 shares of BEAV which is valued at $479,147. B/E Aerospace Inc makes up approx 0.01% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio. Parametrica Management Ltd added BEAV to its portfolio by purchasing 6,686 company shares during the most recent quarter which is valued at $306,821. B/E Aerospace Inc makes up approx 0.44% of Parametrica Management Ltd’s portfolio.Cutler Group Lp reduced its stake in BEAV by selling 395 shares or 23.06% in the most recent quarter. The Hedge Fund company now holds 1,318 shares of BEAV which is valued at $59,969.Curian Capital reduced its stake in BEAV by selling 117,698 shares or 67.33% in the most recent quarter. The Hedge Fund company now holds 57,103 shares of BEAV which is valued at $2,605,039. B/E Aerospace Inc makes up approx 0.19% of Curian Capital’s portfolio.
B/E Aerospace Inc closed down -0.29 points or -0.61% at $47.32 with 4,47,254 shares getting traded on Thursday. Post opening the session at $47.74, the shares hit an intraday low of $47.31 and an intraday high of $48.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, B/E Aerospace Inc reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.82. The company had revenue of $753.10 million for the quarter, compared to analysts expectations of $713.38 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 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.
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 Companys 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 Companys business jet segment offers a range of furnishings and interior packages for business jets.