Y Intercept Hong Kong Ltd Lowers Holdings in Embraer S.A. (NYSE:ERJ)

Y Intercept Hong Kong Ltd lessened its stake in Embraer S.A. (NYSE:ERJ - Free Report) by 42.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,202 shares of the aerospace company's stock after selling 13,915 shares during the period. Y Intercept Hong Kong Ltd's holdings in Embraer were worth $679,000 as of its most recent SEC filing.

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

Embraer Stock Down 0.7 %

NYSE ERJ traded down $0.24 during trading on Friday, hitting $36.51. The company's stock had a trading volume of 597,939 shares, compared to its average volume of 1,571,437. Embraer S.A. has a fifty-two week low of $16.88 and a fifty-two week high of $40.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The company has a market cap of $6.71 billion, a PE ratio of 13.42 and a beta of 1.72. The business's 50 day simple moving average is $36.12 and its 200-day simple moving average is $32.73.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Bank of America upped their price objective on Embraer from $40.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. UBS Group cut shares of Embraer from a "neutral" rating to a "sell" rating and increased their price objective for the stock from $29.00 to $32.00 in a research note on Tuesday, November 19th. Finally, TD Cowen upgraded shares of Embraer from a "hold" rating to a "buy" rating and boosted their target price for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Embraer presently has an average 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.