Short Interest in Embraer S.A. (NYSE:ERJ) Declines By 7.1%

Embraer S.A. (NYSE:ERJ - Get Free Report) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 3,930,000 shares, a decline of 7.1% from the November 30th total of 4,230,000 shares. Currently, 2.1% of the company's stock are short sold. Based on an average trading volume of 1,180,000 shares, the days-to-cover ratio is currently 3.3 days.

Institutional Investors Weigh In On Embraer

A number of large investors have recently added to or reduced their stakes in ERJ. Bank of New York Mellon Corp acquired a new position in Embraer during the 2nd quarter worth $349,000. Principal Financial Group Inc. grew its holdings in Embraer by 17.3% in the 2nd quarter. Principal Financial Group Inc. now owns 249,562 shares of the aerospace company's stock valued at $6,439,000 after buying an additional 36,803 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in Embraer by 0.6% in the 2nd quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company's stock valued at $1,637,000 after buying an additional 385 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Embraer by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company's stock worth $573,000 after buying an additional 390 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Embraer by 17.6% during the second quarter. Ritholtz Wealth Management now owns 35,493 shares of the aerospace company's stock worth $916,000 after buying an additional 5,315 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer Stock Down 0.1 %

Shares of NYSE ERJ traded down $0.05 during mid-day trading on Monday, reaching $36.40. 490,203 shares of the company traded hands, compared to its average volume of 1,538,365. The company's fifty day moving average is $36.69 and its two-hundred day moving average is $33.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer has a fifty-two week low of $16.88 and a fifty-two week high of $40.34. The stock has a market cap of $6.68 billion, a PE ratio of 13.38 and a beta of 1.72.

Analyst Upgrades and Downgrades

ERJ has been the topic of several research reports. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a research note on Thursday, December 19th. StockNews.com raised shares of Embraer from a "hold" rating to a "buy" rating in a research note on Wednesday, December 25th. UBS Group downgraded Embraer from a "neutral" rating to a "sell" rating and boosted their target price for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, Bank of America raised 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Embraer has an average rating of "Moderate Buy" and an average target price of $37.43.

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.

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