Bogart Wealth LLC acquired a new position in Embraer S.A. (NYSE:ERJ – Get Rating) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,000 shares of the aerospace company's stock, valued at approximately $26,000.
A number of other institutional investors have also recently added to or reduced their stakes in ERJ. Marshall Wace LLP acquired a new position in Embraer in the 4th quarter worth $45,746,000. Bank of America Corp DE lifted its holdings in Embraer by 152.4% in the 1st quarter. Bank of America Corp DE now owns 2,957,356 shares of the aerospace company's stock worth $37,292,000 after buying an additional 1,785,803 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Embraer by 148.1% in the 1st quarter. Renaissance Technologies LLC now owns 2,869,400 shares of the aerospace company's stock valued at $36,183,000 after purchasing an additional 1,712,800 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Embraer by 736.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 915,782 shares of the aerospace company's stock valued at $11,549,000 after purchasing an additional 806,256 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Embraer in the 1st quarter valued at about $7,850,000. Institutional investors and hedge funds own 37.57% of the company's stock.
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Embraer Price Performance
ERJ opened at $8.60 on Monday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -860.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10. Embraer S.A. has a fifty-two week low of $7.91 and a fifty-two week high of $19.40. The company's 50-day moving average price is $10.34 and its 200 day moving average price is $10.47. The company has a quick ratio of 1.13, a current ratio of 2.03 and a debt-to-equity ratio of 1.08.
Embraer (NYSE:ERJ – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.26. Embraer had a negative net
margin of 0.01% and a negative return on equity of 0.56%. The firm had revenue of $1.02 billion for the quarter. As a group, sell-side analysts expect that Embraer S.A. will post 0.54 earnings per share for the current year.
Wall Street Analyst Weigh In
ERJ has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Embraer from a "buy" rating to a "hold" rating in a research note on Wednesday, August 31st. TheStreet upgraded shares of Embraer from a "d+" rating to a "c" rating in a research note on Thursday, September 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.00.
About Embraer
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Embraer SA designs, develops, manufactures, and sells aircrafts and systems in Brazil, North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. It operates through Commercial Aviation; Defense and Security; Executive Jets; Service & Support; and Other segments. The Commercial Aviation segment designs, develops, and manufactures a variety of commercial aircrafts.
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