Capital Fund Management S.A. increased its position in Embraer SA (NYSE:ERJ) by 854.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 293,147 shares of the company’s stock after buying an additional 262,423 shares during the period. Capital Fund Management S.A.’s holdings in Embraer SA were worth $6,367,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. JFS Wealth Advisors LLC boosted its stake in Embraer SA by 14.4% in the second quarter. JFS Wealth Advisors LLC now owns 4,998 shares of the company’s stock worth $109,000 after buying an additional 631 shares during the last quarter. Telemus Capital LLC boosted its stake in Embraer SA by 17.5% in the second quarter. Telemus Capital LLC now owns 9,332 shares of the company’s stock worth $203,000 after buying an additional 1,388 shares during the last quarter. Wrapmanager Inc. boosted its stake in Embraer SA by 36.5% in the first quarter. Wrapmanager Inc. now owns 10,453 shares of the company’s stock worth $276,000 after buying an additional 2,795 shares during the last quarter. BlackRock Inc. boosted its stake in Embraer SA by 3.7% in the first quarter. BlackRock Inc. now owns 13,754 shares of the company’s stock worth $363,000 after buying an additional 497 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Embraer SA by 181.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,978 shares of the company’s stock worth $608,000 after buying an additional 18,027 shares during the last quarter. 51.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Embraer SA (NYSE:ERJ) traded down 0.80% during trading on Friday, hitting $17.26. 1,683,132 shares of the stock traded hands. The company has a 50 day moving average price of $18.34 and a 200 day moving average price of $21.24. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 466.49 and a beta of 0.74. Embraer SA has a 12 month low of $17.13 and a 12 month high of $32.50.
Embraer SA (NYSE:ERJ) last announced its quarterly earnings results on Friday, July 29th. The company reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $0.50 by $1.04. Embraer SA had a return on equity of 3.74% and a net margin of 0.10%. The company earned $1.37 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s revenue was down 9.7% compared to the same quarter last year. Analysts anticipate that Embraer SA will post $1.04 earnings per share for the current fiscal year.
ERJ has been the topic of several analyst reports. Deutsche Bank AG reduced their price objective on shares of Embraer SA from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 13th. HSBC lowered shares of Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Monday, August 1st. Bank of America Corp. upgraded shares of Embraer SA from a “neutral” rating to a “buy” rating in a report on Thursday, June 16th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Embraer SA from a “hold” rating to a “sell” rating in a report on Monday, July 4th. Finally, Drexel Hamilton restated a “hold” rating on shares of Embraer SA in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Embraer SA presently has an average rating of “Hold” and a consensus target price of $27.17.
Embraer SA Company Profile
Embraer SA (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes and related services. The Company’s segments include Commercial aviation business, Defense and security business, Executive Jet business and Other. Its Commercial Aviation business segment mainly involves the development, production and sale of commercial jets, and rendering of support services.
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