Embraer S.A. (NYSE:ERJ) Short Interest Update

Embraer S.A. (NYSE:ERJ) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 3,930,000 shares, a drop of 7.1% from the November 30th total of 4,230,000 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Investors Weigh In On Embraer

A number of hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. purchased a new stake in Embraer in the second quarter worth $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in Embraer in the 2nd quarter worth about $55,000. Northwestern Mutual Wealth Management Co. raised its stake in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 456 shares during the period. Asset Dedication LLC purchased a new stake in Embraer during the second quarter valued at about $71,000. Finally, Signaturefd LLC boosted its position in Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 414 shares during the period. Institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

ERJ stock traded up $0.28 during mid-day trading on Wednesday, hitting $36.68. The company had a trading volume of 637,624 shares, compared to its average volume of 1,534,791. Embraer has a 12 month low of $16.88 and a 12 month high of $40.34. The stock’s fifty day moving average price is $36.75 and its two-hundred day moving average price is $33.39. The firm has a market cap of $6.74 billion, a PE ratio of 13.49 and a beta of 1.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Cowen upgraded Embraer to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research note on Wednesday, December 25th. Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group downgraded shares of Embraer from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Embraer has a consensus rating of “Moderate Buy” and an average price target of $37.43.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.