Glazer Capital LLC acquired a new stake in B/E Aerospace Inc (NASDAQ:BEAV) during the first quarter, according to its most recent filing with the SEC. The firm acquired 128,757 shares of the aerospace company’s stock, valued at approximately $8,255,000. B/E Aerospace makes up about 0.9% of Glazer Capital LLC’s portfolio, making the stock its 25th largest position.
A number of other large investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP boosted its stake in B/E Aerospace by 490.9% in the fourth quarter. Two Sigma Investments LP now owns 671,580 shares of the aerospace company’s stock valued at $40,422,000 after buying an additional 557,919 shares during the last quarter. Janus Capital Management LLC boosted its stake in B/E Aerospace by 30.6% in the fourth quarter. Janus Capital Management LLC now owns 16,849 shares of the aerospace company’s stock valued at $1,014,000 after buying an additional 3,949 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in B/E Aerospace during the fourth quarter valued at about $210,000. New York State Teachers Retirement System boosted its stake in B/E Aerospace by 3.3% in the fourth quarter. New York State Teachers Retirement System now owns 171,300 shares of the aerospace company’s stock valued at $10,311,000 after buying an additional 5,400 shares during the last quarter. Finally, Credit Agricole S A boosted its stake in B/E Aerospace by 1.6% in the fourth quarter. Credit Agricole S A now owns 88,054 shares of the aerospace company’s stock valued at $5,300,000 after buying an additional 1,388 shares during the last quarter. Hedge funds and other institutional investors own 91.98% of the company’s stock.
Shares of B/E Aerospace Inc (BEAV) remained flat at $64.47 during midday trading on Friday. B/E Aerospace Inc has a one year low of $42.57 and a one year high of $65.26. The company has a 50-day moving average of $64.21 and a 200 day moving average of $60.07.
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Separately, Jefferies Group LLC restated a “hold” rating and set a $62.00 price objective on shares of B/E Aerospace in a research report on Tuesday, April 18th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $60.75.
About B/E Aerospace
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 airlines and aerospace manufacturer. It operates through two segments. The Company manufactures aircraft seats, offering a selection of first class, business class, tourist class and regional aircraft seats.
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