Short Interest Coverage: Is B/E Aerospace Incorporated (NASDAQ:BEAV) a Buy? The Stock Reported Less Sellers

November 25, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Coverage: Is B/E Aerospace Incorporated (NASDAQ:BEAV) a Buy? The Stock Reported Less Sellers

The stock of B/E Aerospace Incorporated (NASDAQ:BEAV) registered a decrease of 25.22% in short interest. BEAV’s total short interest was 7.00 million shares in November as published by FINRA. Its down 25.22% from 9.36 million shares, reported previously. With 3.92 million shares average volume, it will take short sellers 2 days to cover their BEAV’s short positions. About 371,955 shares traded hands. B E Aerospace Inc (NASDAQ:BEAV) has risen 20.23% since April 22, 2016 and is uptrending. It has outperformed by 14.82% the S&P500.

B/E Aerospace, Inc. is a manufacturer of cabin interior products for commercial aircraft and business jets. The company has a market cap of $6.11 billion. The Firm sells its products and provides services to various airlines and aerospace manufacturers across the world. It has a 18.18 P/E ratio. It operates through two divisions: commercial aircraft and business jet (BJS).

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.07, from 1.09 in 2016Q1. The ratio is negative, as 44 funds sold all B E Aerospace Inc shares owned while 106 reduced positions. 37 funds bought stakes while 127 increased positions. They now own 91.72 million shares or 0.99% more from 90.82 million shares in 2016Q1.
Suntrust Banks, a Georgia-based fund reported 307,268 shares. Advisers Limited Co has 0.08% invested in the company for 181,343 shares. Frontier Cap Mngmt Llc accumulated 385 shares or 0% of the stock. Great Lakes Advsr Ltd Liability reported 112,359 shares or 0.14% of all its holdings. Lpl Fincl Ltd Liability Co has 0% invested in the company for 9,156 shares. Icon Advisers Company holds 114,500 shares or 0.36% of its portfolio. Meiji Yasuda Life Company owns 23,862 shares or 0.18% of their US portfolio. Tocqueville Asset Mgmt Lp reported 12,100 shares or 0.01% of all its holdings. Moreover, Schwab Charles Inv Management has 0.02% invested in B E Aerospace Inc (NASDAQ:BEAV) for 314,063 shares. Mutual Of America Cap Limited Liability Corporation holds 0.07% or 75,626 shares in its portfolio. D E Shaw & Incorporated holds 0.02% of its portfolio in B E Aerospace Inc (NASDAQ:BEAV) for 232,434 shares. Lba Wealth Limited Liability Com has 0% invested in the company for 85 shares. South Dakota Invest Council holds 0.05% of its portfolio in B E Aerospace Inc (NASDAQ:BEAV) for 50,500 shares. Talara Limited Liability Corporation holds 7.57% of its portfolio in B E Aerospace Inc (NASDAQ:BEAV) for 369,618 shares. Hgk Asset Mngmt last reported 0.09% of its portfolio in the stock.

B E Aerospace Inc (NASDAQ:BEAV) Ratings Coverage

Out of 13 analysts covering B/E Aerospace (NASDAQ:BEAV), 4 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 31% are positive. B/E Aerospace has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, October 25 report. The company was maintained on Thursday, August 13 by RBC Capital Markets. JP Morgan downgraded the stock to “Neutral” rating in Friday, May 20 report. Canaccord Genuity downgraded B E Aerospace Inc (NASDAQ:BEAV) on Tuesday, October 25 to “Hold” rating. The stock of B E Aerospace Inc (NASDAQ:BEAV) has “Overweight” rating given on Wednesday, December 16 by JP Morgan. The stock of B E Aerospace Inc (NASDAQ:BEAV) earned “Peer Perform” rating by Wolfe Research on Tuesday, October 25. The rating was downgraded by RBC Capital Markets on Friday, October 23 to “Sector Perform”. Wolfe Research initiated the stock with “Outperform” rating in Friday, November 20 report. maintained B E Aerospace Inc (NASDAQ:BEAV) rating on Monday, October 10. has “Buy” rating and $62 price target. As per Thursday, October 13, the company rating was downgraded by Goldman Sachs.

BEAV Company Profile

B/E Aerospace, Inc., incorporated on July 10, 1987, is a maker of cabin interior products for commercial aircraft and business jets. The Firm sells its products and provides services to various airlines and aerospace manufacturers across the world. The Firm operates through two divisions: commercial aircraft (CAS) and business jet (BJS). The Company’s CAS segment includes seating products; food and beverage and preparation and storage equipment; oxygen delivery systems, and interior structures. The Company’s BJS segment offers a range of furnishings for business jets.

Another recent and important B E Aerospace Inc (NASDAQ:BEAV) news was published by Prnewswire.com which published an article titled: “Ryan & Maniskas, LLP Announces Investigation of B/E Aerospace Inc.” on October 27, 2016.

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By Marguerite Chambers


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