The valuation of Even Construtora e Incorporadora (BOVESPA:EVEN3) is on a meteoric rise, with the average one-year price target hitting 8.47 / share. This marks a spectacular ascent of 10.25% from the previous estimate dating back to January 16, 2024.
Analyst Projections
The price target progression springs from a blend of numerous analysts’ forecasts. The freshest projections encompass a spectrum from a low of 5.56 to a zenith of 9.98 / share, signifying an average increase of 4.26% from the latest closing market value of 8.12 / share.
Insights into Fund Sentiment
A total of 23 funds or institutions have disclosed their stakes in Even Construtora e Incorporadora. This points to a recent increment of 4.55% or the addition of 1 more owner over the last quarter. The collective portfolio weight assigned to EVEN3 by all entities currently stands at 0.01%, reflecting a downtick of 3.54%. Institutional holdings have surged by 2.88% in the past three months to reach 2,902K shares.
Shareholder Activities
Among notable shareholders, DFCEX – Emerging Markets Core Equity Portfolio – Institutional Class, retains a stake of 0.39% in the company, holding 765K shares with no shift recorded in the previous quarter.
The Dimensional Emerging Markets Value Fund also maintains a position with 668K shares, representing 0.34% ownership, and no change registered in recent months.
DGS – WisdomTree Emerging Markets SmallCap Dividend Fund N has increased its holding to 480K shares, accounting for 0.24% ownership. The fund disclosed a rise of 2.01% from its prior filing, albeit with a 13.06% decrease in portfolio allocation to EVEN3 over the same timeframe.
Furthermore, Dfa Investment Trust Co – The Emerging Markets Small Cap Series embraced growth in its ownership by 4.05%, now owning 319K shares equating to 0.16% of the company. Their portfolio allocation in EVEN3, however, reduced by 7.93% in the last quarter.
AVEM – Avantis Emerging Markets Equity ETF, exhibiting a dynamic course, augmented its holding to 119K shares, representing 0.06% ownership. A staggering 41.11% spike from its prior filing underscores a remarkable 63.23% swell in portfolio allocation to EVEN3 over the past quarter.
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Any opinions expressed in this narrative are solely those of the author and do not necessarily align with the perspectives of Nasdaq, Inc.
