Ibex Wealth Advisors Has $4.94 Million Position in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Ibex Wealth Advisors raised its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,198 shares of the aerospace company’s stock after acquiring an additional 8,759 shares during the period. Ibex Wealth Advisors’ holdings in Embraer-Empresa Brasileira de Aeronautica were worth $4,937,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EMBJ. Brighton Jones LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $502,000. Jones Financial Companies Lllp lifted its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 747 shares during the period. NewEdge Advisors LLC grew its stake in Embraer-Empresa Brasileira de Aeronautica by 99.2% during the second quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company’s stock worth $956,000 after buying an additional 8,365 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 1.5% during the second quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company’s stock worth $45,735,000 after buying an additional 12,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth approximately $336,000. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE EMBJ opened at $65.60 on Friday. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $46.54 and a twelve month high of $80.75. The firm has a fifty day simple moving average of $60.09 and a 200 day simple moving average of $64.94. The company has a market capitalization of $11.85 billion, a PE ratio of 38.36, a P/E/G ratio of 1.53 and a beta of 1.43. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen cut Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Scotiabank assumed coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They set a “sector outperform” rating and a $81.00 price target for the company. JPMorgan Chase & Co. cut their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings downgraded Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Zacks Research lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.29.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.