Naya Capital Management Uk Ltd buys $112,889,870 stake in B/E Aerospace Inc (BEAV)

B/E Aerospace Inc (BEAV) : Naya Capital Management Uk Ltd scooped up 963,899 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 Nov 14, 2016. The investment management firm now holds a total of 1,920,549 shares of B/E Aerospace Inc which is valued at $112,889,870.B/E Aerospace Inc makes up approximately 14.88% of Naya Capital Management Uk Ltd’s portfolio.

Other Hedge Funds, Including , Loomis Sayles Co L P boosted its stake in BEAV in the latest quarter, The investment management firm added 34,619 additional shares and now holds a total of 142,671 shares of B/E Aerospace Inc which is valued at $8,441,843. B/E Aerospace Inc makes up approx 0.02% of Loomis Sayles Co L P’s portfolio.Credit Agricole S A reduced its stake in BEAV by selling 33,261 shares or 27.73% in the most recent quarter. The Hedge Fund company now holds 86,666 shares of BEAV which is valued at $5,093,361. B/E Aerospace Inc makes up approx 0.02% of Credit Agricole S A’s portfolio.Blackrock Group Ltd reduced its stake in BEAV by selling 27,469 shares or 3.39% in the most recent quarter. The Hedge Fund company now holds 783,709 shares of BEAV which is valued at $46,442,595. B/E Aerospace Inc makes up approx 0.02% of Blackrock Group Ltd’s portfolio.Blackrock Advisors boosted its stake in BEAV in the latest quarter, The investment management firm added 30,913 additional shares and now holds a total of 436,412 shares of B/E Aerospace Inc which is valued at $25,861,775. B/E Aerospace Inc makes up approx 0.03% of Blackrock Advisors’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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