FNY Investment Advisers LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 16,200 shares of the aerospace company’s stock, valued at approximately $1,033,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlpenGlobal Capital LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth approximately $1,534,000. Brighton Jones LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $502,000. Navellier & Associates Inc. acquired a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $5,264,000. Quent Capital LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $2,446,000. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $1,003,000. 34.65% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Scotiabank assumed coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of “Hold” and a consensus price target of $68.00.
Embraer-Empresa Brasileira de Aeronautica Stock Down 1.2%
Shares of NYSE EMBJ opened at $71.90 on Friday. The company has a 50 day simple moving average of $63.16 and a 200 day simple moving average of $64.78. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $53.56 and a 1 year high of $80.75. The firm has a market cap of $12.99 billion, a PE ratio of 42.05, a price-to-earnings-growth ratio of 1.75 and a beta of 1.44.
About Embraer-Empresa Brasileira de Aeronautica
Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.
Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.
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