B/E Aerospace Inc (BEAV) : Roystone Capital Management Lp reduced its stake in B/E Aerospace Inc by 2.52% during the most recent quarter end. The investment management company now holds a total of 1,485,650 shares of B/E Aerospace Inc which is valued at $69,929,546 after selling 38,350 shares in B/E Aerospace Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.B/E Aerospace Inc makes up approximately 4.43% of Roystone Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Corvex Management Lp sold out all of its stake in BEAV during the most recent quarter. The investment firm sold 164,375 shares of BEAV which is valued $7,737,131. Jefferies Group sold out all of its stake in BEAV during the most recent quarter. The investment firm sold 13,877 shares of BEAV which is valued $653,190.Dimensional Fund Advisors Lp boosted its stake in BEAV in the latest quarter, The investment management firm added 16,505 additional shares and now holds a total of 438,901 shares of B/E Aerospace Inc which is valued at $20,786,351. B/E Aerospace Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Spot Trading L.l.c reduced its stake in BEAV by selling 4,758 shares or 11.0% in the most recent quarter. The Hedge Fund company now holds 38,496 shares of BEAV which is valued at $1,832,795. B/E Aerospace Inc makes up approx 0.24% of Spot Trading L.l.c’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 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.