TT International Asset Management LTD Sells 247,277 Shares of Embraer S.A. (NYSE:ERJ)

TT International Asset Management LTD lowered its holdings in Embraer S.A. (NYSE:ERJ - Free Report) by 28.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 628,929 shares of the aerospace company's stock after selling 247,277 shares during the quarter. Embraer comprises approximately 2.7% of TT International Asset Management LTD's investment portfolio, making the stock its 13th largest holding. TT International Asset Management LTD's holdings in Embraer were worth $22,245,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Brendel Financial Advisors LLC purchased a new stake in Embraer during the third quarter valued at about $202,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Embraer during the third quarter valued at approximately $10,611,000. SG Americas Securities LLC bought a new position in Embraer during the second quarter valued at approximately $2,458,000. SteelPeak Wealth LLC bought a new position in Embraer during the second quarter valued at approximately $443,000. Finally, Blue Trust Inc. grew its position in Embraer by 35.7% during the second quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company's stock valued at $313,000 after acquiring an additional 3,091 shares during the last quarter. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Price Performance

ERJ traded up $0.31 during trading on Wednesday, reaching $37.46. The stock had a trading volume of 455,505 shares, compared to its average volume of 1,575,460. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 13.66 and a beta of 1.72. Embraer S.A. has a 1-year low of $16.88 and a 1-year high of $40.34. The stock has a 50 day moving average of $35.92 and a two-hundred day moving average of $32.55. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Analyst Upgrades and Downgrades

ERJ has been the topic of several recent analyst reports. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and raised their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America lifted their price objective on Embraer from $40.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Finally, TD Cowen raised Embraer from a "hold" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, 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.