Atika Capital Management LLC Purchases New Position in Embraer S.A. (NYSE:ERJ)

Atika Capital Management LLC acquired a new position in Embraer S.A. (NYSE:ERJ) in the 4th quarter, HoldingsChannel reports. The firm acquired 136,600 shares of the aerospace company’s stock, valued at approximately $5,010,000.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in Embraer by 10.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 242,047 shares of the aerospace company’s stock worth $8,878,000 after acquiring an additional 22,603 shares during the period. Wells Fargo & Company MN raised its holdings in Embraer by 1.2% in the 4th quarter. Wells Fargo & Company MN now owns 316,197 shares of the aerospace company’s stock worth $11,598,000 after purchasing an additional 3,882 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in shares of Embraer by 11.9% in the 4th quarter. Thoroughbred Financial Services LLC now owns 16,574 shares of the aerospace company’s stock worth $607,000 after purchasing an additional 1,762 shares during the period. Atlas Capital Advisors Inc. boosted its stake in shares of Embraer by 18.2% during the 4th quarter. Atlas Capital Advisors Inc. now owns 10,354 shares of the aerospace company’s stock valued at $380,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Trexquant Investment LP increased its position in shares of Embraer by 514.9% during the fourth quarter. Trexquant Investment LP now owns 211,168 shares of the aerospace company’s stock valued at $7,746,000 after buying an additional 176,826 shares during the period. 34.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on ERJ shares. Wolfe Research restated a “peer perform” rating on shares of Embraer in a report on Monday, March 24th. StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research note on Monday, March 10th. The Goldman Sachs Group lifted their price target on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, TD Cowen upgraded Embraer to a “strong-buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

Embraer Stock Performance

Embraer stock opened at $41.64 on Friday. Embraer S.A. has a twelve month low of $23.42 and a twelve month high of $56.61. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $7.65 billion, a P/E ratio of 15.31 and a beta of 1.36. The stock’s 50 day moving average is $46.18 and its 200 day moving average is $39.91.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.47. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. On average, equities research analysts predict that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

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.