Atika Capital Management LLC Acquires Shares of 136,600 Embraer S.A. (NYSE:ERJ)

Atika Capital Management LLC bought a new position in Embraer S.A. (NYSE:ERJ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 136,600 shares of the aerospace company's stock, valued at approximately $5,010,000. Atika Capital Management LLC owned about 0.07% of Embraer as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Embraer in the 4th quarter worth approximately $42,313,000. Carrhae Capital LLP boosted its holdings in shares of Embraer by 48.1% in the fourth quarter. Carrhae Capital LLP now owns 2,670,740 shares of the aerospace company's stock valued at $97,963,000 after acquiring an additional 866,919 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Embraer by 959.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 824,607 shares of the aerospace company's stock worth $30,247,000 after purchasing an additional 746,758 shares in the last quarter. Victory Capital Management Inc. bought a new position in Embraer during the 4th quarter valued at $25,024,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Embraer by 50.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 996,361 shares of the aerospace company's stock valued at $36,547,000 after purchasing an additional 334,206 shares during the period. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on ERJ. TD Cowen upgraded shares of Embraer to a "strong-buy" rating in a report on Thursday, December 19th. StockNews.com cut Embraer from a "buy" rating to a "hold" rating in a report on Monday, March 10th. The Goldman Sachs Group upped their target price on Embraer from $44.00 to $50.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.50.

Embraer Stock Up 1.2 %

Shares of ERJ traded up $0.49 during trading hours on Friday, hitting $41.53. 1,493,954 shares of the company were exchanged, compared to its average volume of 1,615,926. The firm's 50 day moving average is $46.29 and its 200-day moving average is $40.13. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer S.A. has a 52 week low of $23.42 and a 52 week high of $56.61. The company has a market cap of $7.63 billion, a PE ratio of 15.18 and a beta of 1.36.

Embraer (NYSE:ERJ - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.47 by $0.47. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 11.61% and a net margin of 8.24%. On average, equities research analysts forecast that Embraer S.A. will post 2.04 EPS for the current fiscal 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.