Zweig-dimenna Associates adds B/E Aerospace Inc (BEAV) to its portfolio

B/E Aerospace Inc (BEAV) : Zweig-dimenna Associates added new position in B/E Aerospace Inc during the most recent quarter end. The investment management firm now holds 305,000 shares of B/E Aerospace Inc which is valued at $14,331,950 , the company said in a statement filed on Aug 8, 2016 with the SEC.B/E Aerospace Inc makes up approximately 1.39% of Zweig-dimenna Associates’s portfolio.

Other Hedge Funds, Including , Blair William Coil reduced its stake in BEAV by selling 37 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 12,733 shares of BEAV which is valued at $598,324. B/E Aerospace Inc makes up approx 0.01% of Blair William Coil’s portfolio.Baker Ellis Asset Management boosted its stake in BEAV in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 48,480 shares of B/E Aerospace Inc which is valued at $2,319,041. B/E Aerospace Inc makes up approx 0.71% of Baker Ellis Asset Management’s portfolio.Stoneridge Investment Partners boosted its stake in BEAV in the latest quarter, The investment management firm added 12,120 additional shares and now holds a total of 22,876 shares of B/E Aerospace Inc which is valued at $1,125,042. B/E Aerospace Inc makes up approx 0.16% of Stoneridge Investment Partners’s portfolio.New York State Teachers Retirement System reduced its stake in BEAV by selling 600 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 172,600 shares of BEAV which is valued at $7,920,614. B/E Aerospace Inc makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.Checchi Capital Advisers reduced its stake in BEAV by selling 31 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 1,499 shares of BEAV which is valued at $68,789. B/E Aerospace Inc makes up approx 0.02% of Checchi Capital Advisers’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 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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