Calamos Advisors LLC Sells 36,402 Shares of Embraer S.A. (NYSE:ERJ)

Calamos Advisors LLC trimmed its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 65.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,832 shares of the aerospace company's stock after selling 36,402 shares during the quarter. Calamos Advisors LLC's holdings in Embraer were worth $691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ballentine Partners LLC raised its holdings in Embraer by 4.0% during the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock worth $279,000 after acquiring an additional 296 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of Embraer by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company's stock valued at $920,000 after purchasing an additional 310 shares during the period. Angeles Investment Advisors LLC grew its holdings in Embraer by 3.0% during the third quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company's stock worth $416,000 after purchasing an additional 338 shares during the period. LVW Advisors LLC increased its position in Embraer by 3.4% during the third quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company's stock worth $365,000 after buying an additional 340 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Embraer by 7.9% in the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock valued at $201,000 after buying an additional 414 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ERJ. TD Cowen raised Embraer to a "strong-buy" rating in a report on Thursday, December 19th. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research note on Thursday. Bank of America raised their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Finally, UBS Group cut Embraer from a "neutral" rating to a "sell" rating and lifted their price target for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.50.

Embraer Price Performance

Shares of Embraer stock traded down $1.72 during trading on Friday, reaching $42.93. 1,538,681 shares of the company's stock were exchanged, compared to its average volume of 1,237,642. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer S.A. has a 1-year low of $17.19 and a 1-year high of $46.10. The company has a market cap of $7.88 billion, a P/E ratio of 15.78 and a beta of 1.71. The firm's 50-day moving average price is $38.47 and its 200 day moving average price is $35.67.

Embraer (NYSE:ERJ - Get Free Report) last released its earnings results on Friday, November 8th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.92. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same quarter in the previous year, the business posted $0.18 earnings per share. As a group, research analysts anticipate that Embraer S.A. will post 2.06 earnings per share for the current 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.