Carrhae Capital LLP Buys 866,919 Shares of Embraer S.A. (NYSE:ERJ)

Carrhae Capital LLP grew its holdings in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 48.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,670,740 shares of the aerospace company's stock after purchasing an additional 866,919 shares during the period. Embraer makes up about 8.2% of Carrhae Capital LLP's holdings, making the stock its 2nd biggest position. Carrhae Capital LLP owned approximately 1.45% of Embraer worth $97,963,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Thrivent Financial for Lutherans purchased a new position in shares of Embraer in the 3rd quarter valued at about $981,000. Advisors Asset Management Inc. grew its position in Embraer by 153.9% during the third quarter. Advisors Asset Management Inc. now owns 15,694 shares of the aerospace company's stock worth $555,000 after buying an additional 9,512 shares during the period. Citigroup Inc. increased its holdings in Embraer by 2.9% in the third quarter. Citigroup Inc. now owns 117,605 shares of the aerospace company's stock valued at $4,160,000 after buying an additional 3,354 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Embraer by 72.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 31,000 shares of the aerospace company's stock valued at $1,096,000 after acquiring an additional 13,000 shares during the period. Finally, Townsquare Capital LLC boosted its stake in shares of Embraer by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company's stock worth $920,000 after acquiring an additional 310 shares in the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. TD Cowen raised Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. The Goldman Sachs Group boosted their price objective on shares of Embraer from $44.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, Wolfe Research restated a "peer perform" rating on shares of Embraer in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Embraer has an average rating of "Moderate Buy" and an average price target of $44.50.

Embraer Price Performance

Shares of ERJ traded down $1.23 during trading hours on Friday, reaching $46.26. 1,629,692 shares of the company traded hands, compared to its average volume of 1,576,144. The stock has a market capitalization of $8.50 billion, a PE ratio of 17.01 and a beta of 1.70. The stock has a fifty day simple moving average of $45.77 and a 200 day simple moving average of $39.58. Embraer S.A. has a fifty-two week low of $23.42 and a fifty-two week 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.

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

Embraer Profile

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.