B/E Aerospace Inc (BEAV) : Profit Investment Management reduced its stake in B/E Aerospace Inc by 23.52% during the most recent quarter end. The investment management company now holds a total of 10,741 shares of B/E Aerospace Inc which is valued at $543,602 after selling 3,303 shares in B/E Aerospace Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.B/E Aerospace Inc makes up approximately 0.55% of Profit Investment Management’s portfolio.
Other Hedge Funds, Including , Torch Wealth Management boosted its stake in BEAV in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 26,765 shares of B/E Aerospace Inc which is valued at $1,354,577. B/E Aerospace Inc makes up approx 1.00% of Torch Wealth Management’s portfolio.Gibraltar Capital Management reduced its stake in BEAV by selling 932 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 64,093 shares of BEAV which is valued at $3,346,936. B/E Aerospace Inc makes up approx 3.84% of Gibraltar Capital Management’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in BEAV by selling 396 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 36,016 shares of BEAV which is valued at $1,880,756. B/E Aerospace Inc makes up approx 0.04% of Oregon Public Employees Retirement Fund’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BEAV by selling 6,081 shares or 6.91% in the most recent quarter. The Hedge Fund company now holds 81,927 shares of BEAV which is valued at $4,309,360. B/E Aerospace Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
B/E Aerospace Inc closed down -1.15 points or -2.20% at $51.07 with 8,07,954 shares getting traded on Tuesday. Post opening the session at $52.03, the shares hit an intraday low of $50.85 and an intraday high of $52.03 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 Goldman to ” Neutral” on Oct 13, 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.