Short Interest in Embraer S.A. (NYSE:ERJ) Expands By 88.2%

Embraer S.A. (NYSE:ERJ - Get Free Report) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 4,930,000 shares, a growth of 88.2% from the February 13th total of 2,620,000 shares. Currently, 2.7% of the shares of the company are short sold. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is presently 3.5 days.

Hedge Funds Weigh In On Embraer

A number of large investors have recently made changes to their positions in the company. Carrhae Capital LLP boosted its stake in shares of Embraer by 48.1% during the 4th quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock worth $97,963,000 after purchasing an additional 866,919 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in Embraer by 19.0% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 2,439,060 shares of the aerospace company's stock valued at $89,465,000 after buying an additional 390,094 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Embraer by 8.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,210,060 shares of the aerospace company's stock valued at $81,065,000 after buying an additional 176,182 shares during the period. Jennison Associates LLC boosted its position in Embraer by 102.1% in the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company's stock valued at $47,100,000 after buying an additional 672,644 shares during the period. Finally, Invesco Ltd. boosted its position in Embraer by 17,140.6% in the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock valued at $45,323,000 after buying an additional 1,228,468 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

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Embraer Price Performance

Shares of Embraer stock traded up $0.56 during trading hours on Tuesday, reaching $55.18. The company's stock had a trading volume of 1,470,730 shares, compared to its average volume of 1,538,809. The firm has a 50 day moving average price of $43.83 and a 200-day moving average price of $38.71. Embraer has a one year low of $23.42 and a one year high of $55.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The stock has a market cap of $10.13 billion, a P/E ratio of 20.29 and a beta of 1.70.

Embraer (NYSE:ERJ - Get Free Report) last released its quarterly 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. Embraer had a net margin of 8.24% and a return on equity of 11.61%. The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.21 billion. On average, analysts predict that Embraer will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

ERJ has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. StockNews.com cut shares of Embraer from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and lifted their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Bank of America lifted their price target on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.60.

Embraer Company 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.