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Pinnbrook Capital Management LP Trims Stock Holdings in Embraer S.A. (NYSE:ERJ)

Embraer logo with Aerospace background

Pinnbrook Capital Management LP lowered its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 53.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,970 shares of the aerospace company's stock after selling 219,294 shares during the period. Embraer makes up approximately 0.7% of Pinnbrook Capital Management LP's portfolio, making the stock its 26th biggest holding. Pinnbrook Capital Management LP owned about 0.10% of Embraer worth $7,005,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Ballentine Partners LLC lifted its position in Embraer by 4.0% in the fourth quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company's stock valued at $279,000 after purchasing an additional 296 shares during the period. Townsquare Capital LLC raised 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 buying an additional 310 shares in the last quarter. Angeles Investment Advisors LLC lifted its holdings in shares of Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company's stock valued at $416,000 after buying an additional 338 shares during the period. LVW Advisors LLC boosted its stake in shares of Embraer by 3.3% in the fourth quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company's stock valued at $391,000 after buying an additional 340 shares in the last quarter. Finally, Signaturefd LLC grew its holdings 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 acquiring an additional 414 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on ERJ shares. TD Cowen raised 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 report on Friday, February 14th. Bank of America boosted their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and increased their target price for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.50.

Get Our Latest Research Report on ERJ

Embraer Price Performance

Shares of NYSE:ERJ traded down $1.83 during midday trading on Friday, hitting $41.26. 1,472,785 shares of the stock were exchanged, compared to its average volume of 1,168,188. Embraer S.A. has a twelve month low of $18.15 and a twelve month high of $46.10. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $39.44 and a 200-day moving average price of $36.53. The stock has a market cap of $7.58 billion, a P/E ratio of 15.17 and a beta of 1.71.

Embraer Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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