Tidal Investments LLC Cuts Stake in Embraer S.A. (NYSE:ERJ)

Tidal Investments LLC reduced its stake in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 73.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,910 shares of the aerospace company's stock after selling 56,721 shares during the quarter. Tidal Investments LLC's holdings in Embraer were worth $740,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in shares of Embraer during the second quarter valued at about $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in Embraer during the 2nd quarter valued at $55,000. Northwestern Mutual Wealth Management Co. increased its holdings in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after buying an additional 456 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of Embraer in the second quarter worth approximately $71,000. Finally, Signaturefd LLC grew its position in Embraer by 7.9% in the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company's stock worth $201,000 after purchasing an additional 414 shares during the period. Hedge funds and other institutional investors own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

ERJ has been the subject of a number of recent research reports. TD Cowen upgraded Embraer to a "strong-buy" rating in a research note on Thursday. Bank of America increased their price target on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Finally, UBS Group lowered shares of Embraer from a "neutral" rating to a "sell" rating and increased their price objective 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, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.43.

Embraer Price Performance

Shares of Embraer stock traded down $0.48 during trading hours on Friday, reaching $36.10. The company's stock had a trading volume of 765,059 shares, compared to its average volume of 1,560,078. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. Embraer S.A. has a one year low of $16.88 and a one year high of $40.34. The firm has a 50 day moving average price of $36.42 and a 200-day moving average price of $32.98. The stock has a market cap of $6.63 billion, a P/E ratio of 13.27 and a beta of 1.72.

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.