Arrowgrass Capital Partners Llp adds B/E Aerospace Inc (BEAV) to its portfolio

B/E Aerospace Inc (BEAV) : Arrowgrass Capital Partners Llp added new position in B/E Aerospace Inc during the most recent quarter end. The investment management firm now holds 138,307 shares of B/E Aerospace Inc which is valued at $6,510,110 , the company said in a statement filed on Aug 15, 2016 with the SEC.B/E Aerospace Inc makes up approximately 2.27% of Arrowgrass Capital Partners Llp’s portfolio.

Other Hedge Funds, Including , Pdt Partners boosted its stake in BEAV in the latest quarter, The investment management firm added 14,448 additional shares and now holds a total of 115,191 shares of B/E Aerospace Inc which is valued at $5,422,040. B/E Aerospace Inc makes up approx 0.32% of Pdt Partners’s portfolio.Apriem Advisors boosted its stake in BEAV in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 109 shares of B/E Aerospace Inc which is valued at $5,131.Pioneer Investment Management Inc boosted its stake in BEAV in the latest quarter, The investment management firm added 14,372 additional shares and now holds a total of 190,816 shares of B/E Aerospace Inc which is valued at $8,981,709. B/E Aerospace Inc makes up approx 0.03% of Pioneer Investment Management Inc’s portfolio. Intrust Bank Na added BEAV to its portfolio by purchasing 7,771 company shares during the most recent quarter which is valued at $369,977. B/E Aerospace Inc makes up approx 0.15% of Intrust Bank Na’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 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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