Oppenheimer Asset Management Inc. Cuts Position in Embraer SA (NYSE:ERJ)

Oppenheimer Asset Management Inc. decreased its holdings in Embraer SA (NYSE:ERJ) by 22.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 51,764 shares of the aerospace company’s stock after selling 14,728 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Embraer were worth $893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in Embraer by 114,300.0% in the third quarter. Quadrant Capital Group LLC now owns 2,288 shares of the aerospace company’s stock valued at $39,000 after buying an additional 2,286 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Embraer during the second quarter valued at approximately $60,000. Advisor Group Inc. raised its stake in shares of Embraer by 19.1% during the second quarter. Advisor Group Inc. now owns 4,334 shares of the aerospace company’s stock valued at $88,000 after purchasing an additional 694 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Embraer by 6,880.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 5,235 shares of the aerospace company’s stock worth $90,000 after buying an additional 5,160 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Embraer during the second quarter worth approximately $159,000. Hedge funds and other institutional investors own 44.22% of the company’s stock.

A number of analysts have recently weighed in on ERJ shares. Zacks Investment Research downgraded shares of Embraer from a “strong-buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Wednesday, October 16th. William Blair reissued a “market perform” rating on shares of Embraer in a research report on Wednesday, August 14th. Finally, UBS Group raised shares of Embraer from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Thursday, September 12th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.50.

ERJ stock opened at $17.32 on Friday. Embraer SA has a twelve month low of $16.38 and a twelve month high of $23.68. The company has a current ratio of 2.17, a quick ratio of 1.24 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $3.31 billion, a P/E ratio of -57.73 and a beta of -0.10. The firm has a 50 day simple moving average of $17.43 and a 200-day simple moving average of $18.79.

Embraer (NYSE:ERJ) last released its quarterly earnings results on Wednesday, August 14th. The aerospace company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.09. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. Embraer had a negative net margin of 1.49% and a negative return on equity of 2.84%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. On average, research analysts predict that Embraer SA will post -0.7 EPS for the current year.

Embraer Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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