ClariVest Asset Management LLC raised its stake in shares of Embraer SA (NYSE:ERJ) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 232,136 shares of the company’s stock after buying an additional 7,700 shares during the period. ClariVest Asset Management LLC’s holdings in Embraer SA were worth $5,043,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of ERJ. Capital Fund Management S.A. boosted its position in Embraer SA by 854.1% in the second quarter. Capital Fund Management S.A. now owns 293,147 shares of the company’s stock valued at $6,367,000 after buying an additional 262,423 shares during the period. JFS Wealth Advisors LLC boosted its position in Embraer SA by 14.4% in the second quarter. JFS Wealth Advisors LLC now owns 4,998 shares of the company’s stock valued at $109,000 after buying an additional 631 shares during the period. Bank of Montreal Can acquired a new position in Embraer SA during the second quarter valued at about $5,791,000. Telemus Capital LLC boosted its position in Embraer SA by 17.5% in the second quarter. Telemus Capital LLC now owns 9,332 shares of the company’s stock valued at $203,000 after buying an additional 1,388 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Embraer SA by 181.2% in the second quarter. BNP Paribas Arbitrage SA now owns 27,978 shares of the company’s stock valued at $608,000 after buying an additional 18,027 shares during the period. 51.93% of the stock is currently owned by hedge funds and other institutional investors.
Embraer SA (NYSE:ERJ) traded down 1.91% during midday trading on Friday, reaching $17.97. The company’s stock had a trading volume of 1,226,588 shares. Embraer SA has a 12-month low of $17.13 and a 12-month high of $32.50. The company has a market cap of $13.20 billion, a P/E ratio of 499.17 and a beta of 0.83. The firm has a 50 day moving average price of $18.23 and a 200-day moving average price of $21.04.
Embraer SA (NYSE:ERJ) last issued its quarterly earnings results on Friday, July 29th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $1.04. Embraer SA had a return on equity of 3.74% and a net margin of 0.10%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $0.71 earnings per share. Embraer SA’s revenue was down 9.7% on a year-over-year basis. On average, equities research analysts predict that Embraer SA will post $0.98 earnings per share for the current fiscal year.
Several research firms have recently issued reports on ERJ. Zacks Investment Research cut Embraer SA from a “hold” rating to a “sell” rating in a research note on Monday, July 4th. Drexel Hamilton restated a “hold” rating on shares of Embraer SA in a research report on Tuesday, July 12th. Deutsche Bank AG dropped their price target on Embraer SA from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, June 13th. Bank of America Corp. upgraded Embraer SA from a “neutral” rating to a “buy” rating in a research report on Thursday, June 16th. They noted that the move was a valuation call. Finally, HSBC lowered Embraer SA from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target 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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