B/E Aerospace Inc (BEAV) : Mcclain Value Management scooped up 20,200 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 Aug 9, 2016. The investment management firm now holds a total of 115,193 shares of B/E Aerospace Inc which is valued at $5,412,919.B/E Aerospace Inc makes up approximately 4.33% of Mcclain Value Management’s portfolio.
Other Hedge Funds, Including , Glassman Wealth Services sold out all of its stake in BEAV during the most recent quarter. The investment firm sold 3,214 shares of BEAV which is valued $151,026.Mar Vista Investment Partners boosted its stake in BEAV in the latest quarter, The investment management firm added 2,230 additional shares and now holds a total of 316,863 shares of B/E Aerospace Inc which is valued at $15,157,142. B/E Aerospace Inc makes up approx 0.87% of Mar Vista Investment Partners’s portfolio.New York State Teachers Retirement System reduced its stake in BEAV by selling 600 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 172,600 shares of BEAV which is valued at $7,920,614. B/E Aerospace Inc makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.
B/E Aerospace Inc opened for trading at $47.76 and hit $48.07 on the upside on Wednesday, eventually ending the session at $47.85, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 4,61,039 shares. Company has a market cap of $4,863 M.
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.