Masters Capital Management LLC Has $25.16 Million Stock Position in Embraer S.A. (NYSE:ERJ)

Masters Capital Management LLC trimmed its holdings in Embraer S.A. (NYSE:ERJ) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 975,000 shares of the aerospace company’s stock after selling 25,000 shares during the quarter. Embraer accounts for 1.4% of Masters Capital Management LLC’s portfolio, making the stock its 23rd largest holding. Masters Capital Management LLC owned approximately 0.53% of Embraer worth $25,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SteelPeak Wealth LLC bought a new position in Embraer during the second quarter worth about $443,000. SG Americas Securities LLC bought a new position in shares of Embraer during the 2nd quarter worth approximately $2,458,000. Atria Investments Inc acquired a new stake in Embraer in the 1st quarter valued at $1,671,000. Blue Trust Inc. grew its position in Embraer by 35.7% in the second quarter. Blue Trust Inc. now owns 11,758 shares of the aerospace company’s stock valued at $313,000 after acquiring an additional 3,091 shares during the period. Finally, Nicholas Investment Partners LP raised its stake in Embraer by 424.7% during the second quarter. Nicholas Investment Partners LP now owns 526,494 shares of the aerospace company’s stock worth $13,584,000 after acquiring an additional 426,153 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Analyst Upgrades and Downgrades

ERJ has been the topic of a number of research analyst reports. StockNews.com lowered Embraer from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. UBS Group raised their target price on Embraer from $28.50 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America reaffirmed a “buy” rating and issued a $40.00 price target on shares of Embraer in a report on Tuesday, September 17th. Finally, TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $41.00 in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Embraer presently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

Embraer Stock Performance

Embraer stock opened at $35.65 on Tuesday. Embraer S.A. has a 1 year low of $12.48 and a 1 year high of $37.26. The company’s 50-day moving average is $32.06 and its two-hundred day moving average is $28.60. The company has a current ratio of 1.50, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81. The company has a market cap of $6.55 billion, a PE ratio of 24.76 and a beta of 1.69.

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

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.