Seven Eight Capital LP Has $1.14 Million Stake in Embraer S.A. (NYSE:ERJ)

Seven Eight Capital LP increased its stake in shares of Embraer S.A. (NYSE:ERJ) by 338.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,023 shares of the aerospace company’s stock after purchasing an additional 33,972 shares during the quarter. Seven Eight Capital LP’s holdings in Embraer were worth $1,136,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ERJ. Nicholas Investment Partners LP grew its holdings in shares of Embraer by 424.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock valued at $13,584,000 after acquiring an additional 426,153 shares in the last quarter. TimesSquare Capital Management LLC acquired a new position in Embraer in the 1st quarter worth about $10,754,000. Jennison Associates LLC purchased a new stake in shares of Embraer during the 1st quarter worth about $9,818,000. Perpetual Ltd lifted its holdings in shares of Embraer by 88.4% during the 1st quarter. Perpetual Ltd now owns 623,645 shares of the aerospace company’s stock valued at $16,614,000 after buying an additional 292,630 shares during the last quarter. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Embraer in the 4th quarter valued at approximately $4,662,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Trading Up 0.9 %

Shares of Embraer stock opened at $35.10 on Friday. Embraer S.A. has a 1 year low of $12.48 and a 1 year high of $37.26. The company’s fifty day simple moving average is $31.83 and its 200-day simple moving average is $28.31. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 24.38 and a beta of 1.69. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.20. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.44 billion. Embraer had a net margin of 6.76% and a return on equity of 5.94%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. As a group, sell-side analysts expect that Embraer S.A. will post 1.49 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Bank of America reaffirmed a “buy” rating and set a $40.00 price objective on shares of Embraer in a research report on Tuesday. TD Cowen raised shares of 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 note on Wednesday, September 4th. StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Finally, UBS Group boosted their price target on Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Embraer Profile

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.