Sanctuary Advisors LLC Sells 37,144 Shares of Embraer S.A. (NYSE:ERJ)

Sanctuary Advisors LLC trimmed its position in shares of Embraer S.A. (NYSE:ERJ - Free Report) by 48.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,236 shares of the aerospace company's stock after selling 37,144 shares during the quarter. Sanctuary Advisors LLC's holdings in Embraer were worth $1,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. acquired a new stake in Embraer in the second quarter valued at $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Embraer in the second quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company's stock worth $59,000 after acquiring an additional 456 shares during the last quarter. Asset Dedication LLC acquired a new position in shares of Embraer in the second quarter worth approximately $71,000. Finally, Signaturefd LLC boosted its holdings in 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 acquiring an additional 414 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

Embraer Stock Down 1.3 %

NYSE ERJ traded down $0.48 on Friday, hitting $36.10. 765,059 shares of the company were exchanged, compared to its average volume of 1,560,078. Embraer S.A. has a 12 month low of $16.88 and a 12 month high of $40.34. 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 market cap of $6.63 billion, a PE ratio of 13.27 and a beta of 1.72. The stock has a fifty day moving average of $36.34 and a 200-day moving average of $32.89.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group downgraded shares of Embraer from a "neutral" rating to a "sell" rating and boosted their price target for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday. Finally, Bank of America upped their price target on shares of Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.43.

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.