B/E Aerospace Inc (BEAV) : Geneva Advisors reduced its stake in B/E Aerospace Inc by 6.46% during the most recent quarter end. The investment management company now holds a total of 1,327,853 shares of B/E Aerospace Inc which is valued at $62,395,812 after selling 91,694 shares in B/E Aerospace Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.B/E Aerospace Inc makes up approximately 1.19% of Geneva Advisors’s portfolio.
Other Hedge Funds, Including , Alambic Investment Management boosted its stake in BEAV in the latest quarter, The investment management firm added 4,500 additional shares and now holds a total of 10,500 shares of B/E Aerospace Inc which is valued at $493,395. B/E Aerospace Inc makes up approx 0.11% of Alambic Investment Management’s portfolio.Ibm Retirement Fund reduced its stake in BEAV by selling 311 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 10,315 shares of BEAV which is valued at $473,355. B/E Aerospace Inc makes up approx 0.02% of Ibm Retirement Fund’s portfolio.Eagle Asset Management Inc boosted its stake in BEAV in the latest quarter, The investment management firm added 21,187 additional shares and now holds a total of 58,983 shares of B/E Aerospace Inc which is valued at $2,733,272. B/E Aerospace Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.
B/E Aerospace Inc opened for trading at $47.35 and hit $48.11 on the upside on Monday, eventually ending the session at $47.99, with a gain of 1.95% or 0.92 points. The heightened volatility saw the trading volume jump to 8,40,319 shares. Company has a market cap of $4,877 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.