B/E Aerospace Inc (BEAV) : Naya Capital Management Uk Ltd added new position in B/E Aerospace Inc during the most recent quarter end. The investment management firm now holds 956,650 shares of B/E Aerospace Inc which is valued at $45,029,516 , the company said in a statement filed on Aug 15, 2016 with the SEC.B/E Aerospace Inc makes up approximately 6.87% of Naya Capital Management Uk Ltd’s portfolio.
Other Hedge Funds, Including , Holt Capital Advisors L.l.c. Dba Holt Capital Partners … added BEAV to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $42,363. B/E Aerospace Inc makes up approx 0.02% of Holt Capital Advisors L.l.c. Dba Holt Capital Partners …’s portfolio.Renaissance Technologies reduced its stake in BEAV by selling 378,900 shares or 52.15% in the most recent quarter. The Hedge Fund company now holds 347,606 shares of BEAV which is valued at $16,361,814. B/E Aerospace Inc makes up approx 0.03% of Renaissance Technologies’s portfolio. Zweig-dimenna Associates added BEAV to its portfolio by purchasing 305,000 company shares during the most recent quarter which is valued at $14,331,950. B/E Aerospace Inc makes up approx 1.39% of Zweig-dimenna Associates’s portfolio.Simplex Trading boosted its stake in BEAV in the latest quarter, The investment management firm added 3,362 additional shares and now holds a total of 5,652 shares of B/E Aerospace Inc which is valued at $261,914. B/E Aerospace Inc makes up approx 0.03% of Simplex Trading’s portfolio.
B/E Aerospace Inc opened for trading at $50.43 and hit $51.38 on the upside on Thursday, eventually ending the session at $51.24, with a gain of 1.36% or 0.69 points. The heightened volatility saw the trading volume jump to 12,88,556 shares. Company has a market cap of $5,207 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.