Embraer S.A. (NYSE:ERJ) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in shares of Embraer S.A. (NYSE:ERJ) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,255 shares of the aerospace company’s stock after selling 7,981 shares during the quarter. Sanctuary Advisors LLC’s holdings in Embraer were worth $1,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ballentine Partners LLC grew its stake in Embraer by 4.0% in the 4th quarter. Ballentine Partners LLC now owns 7,614 shares of the aerospace company’s stock valued at $279,000 after acquiring an additional 296 shares during the last quarter. Townsquare Capital LLC grew its stake in Embraer by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 26,007 shares of the aerospace company’s stock valued at $920,000 after acquiring an additional 310 shares during the last quarter. Angeles Investment Advisors LLC grew its stake in Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after acquiring an additional 338 shares during the last quarter. LVW Advisors LLC grew its stake in Embraer by 3.3% in the 4th quarter. LVW Advisors LLC now owns 10,660 shares of the aerospace company’s stock valued at $391,000 after acquiring an additional 340 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Embraer by 0.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,290 shares of the aerospace company’s stock valued at $5,219,000 after acquiring an additional 821 shares during the last quarter. 34.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ERJ has been the topic of a number of research reports. UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and increased their price objective for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America raised their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen raised shares of Embraer to a “strong-buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.50.

Embraer Trading Up 1.6 %

Shares of ERJ stock opened at $42.19 on Wednesday. The firm has a market cap of $7.75 billion, a P/E ratio of 15.51 and a beta of 1.71. Embraer S.A. has a 1-year low of $18.16 and a 1-year high of $46.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76. The firm’s 50-day simple moving average is $39.64 and its 200-day simple moving average is $36.82.

Embraer Company 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.