Quantum Capital Management Lowers stake in B/E Aerospace Inc (BEAV)

B/E Aerospace Inc (BEAV) : Quantum Capital Management reduced its stake in B/E Aerospace Inc by 45.2% during the most recent quarter end. The investment management company now holds a total of 139,561 shares of B/E Aerospace Inc which is valued at $8,257,824 after selling 115,102 shares in B/E Aerospace Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.B/E Aerospace Inc makes up approximately 2.23% of Quantum Capital Management’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in BEAV in the latest quarter, The investment management firm added 222,427 additional shares and now holds a total of 232,434 shares of B/E Aerospace Inc which is valued at $13,662,471. B/E Aerospace Inc makes up approx 0.03% of D. E. Shaw’s portfolio.Salient Capital Advisors reduced its stake in BEAV by selling 2,800 shares or 24.14% in the most recent quarter. The Hedge Fund company now holds 8,800 shares of BEAV which is valued at $517,176. B/E Aerospace Inc makes up approx 0.01% of Salient Capital Advisors’s portfolio.Blackrock Investment Management boosted its stake in BEAV in the latest quarter, The investment management firm added 7,053 additional shares and now holds a total of 418,356 shares of B/E Aerospace Inc which is valued at $24,791,777. B/E Aerospace Inc makes up approx 0.03% of Blackrock Investment Management’s portfolio.Mengis Capital Management reduced its stake in BEAV by selling 500 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 24,000 shares of BEAV which is valued at $1,415,760. B/E Aerospace Inc makes up approx 1.21% of Mengis Capital Management’s portfolio.

B/E Aerospace Inc closed down -0.22 points or -0.37% at $59.13 with 17,74,657 shares getting traded on Monday. Post opening the session at $59.49, the shares hit an intraday low of $58.9483 and an intraday high of $59.74 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, B/E Aerospace Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 24, 2016. Analyst had a consensus of $0.80. The company had revenue of $732.70 million for the quarter, compared to analysts expectations of $707.40 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on B/E Aerospace Inc. Deutsche Bank Downgraded B/E Aerospace Inc on Nov 10, 2016 to ” Hold”, Price Target of the shares are set at $62.Robert W. Baird Downgraded B/E Aerospace Inc on Oct 25, 2016 to ” Neutral”, Price Target of the shares are set at $61.B/E Aerospace Inc was Downgraded by Credit Suisse to ” Neutral” on Oct 25, 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 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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