B/E Aerospace Inc (BEAV) : Otter Creek Advisors scooped up 17,899 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 15, 2016. The investment management firm now holds a total of 143,882 shares of B/E Aerospace Inc which is valued at $6,772,526.B/E Aerospace Inc makes up approximately 2.66% of Otter Creek Advisors’s portfolio.
Other Hedge Funds, Including , First Republic Investment Management sold out all of its stake in BEAV during the most recent quarter. The investment firm sold 6,650 shares of BEAV which is valued $313,016. Investec Asset Management North America added BEAV to its portfolio by purchasing 10,238 company shares during the most recent quarter which is valued at $481,903. B/E Aerospace Inc makes up approx 0.07% of Investec Asset Management North America’s portfolio.Commonwealth Equity Services Inc reduced its stake in BEAV by selling 13 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 5,659 shares of BEAV which is valued at $270,274.Boston Private Wealth reduced its stake in BEAV by selling 9,677 shares or 15.19% in the most recent quarter. The Hedge Fund company now holds 54,030 shares of BEAV which is valued at $2,572,368. B/E Aerospace Inc makes up approx 0.10% of Boston Private Wealth’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 closed down -0.24 points or -0.46% at $52.03 with 808,532 shares getting traded on Wednesday. Post opening the session at $52.31, the shares hit an intraday low of $51.8601 and an intraday high of $52.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.