27,973 Shares in Embraer-Empresa Brasileira de Aeronautica $EMBJ Purchased by AlpenGlobal Capital LLC

Key Points

• AlpenGlobal Capital LLC initiated a 27,973-share position in Embraer, valued at approximately $1.785 million, representing 1.1% of its portfolio. Institutional investors collectively own 34.65% of the company.
• Embraer shares opened at $75.14, near their $80.75 one-year high, with a $13.58 billion market capitalization and a P/E ratio of 30.42.
• Analyst sentiment is favorable, with a consensus “Moderate Buy” rating and an average price target of $80.00; JPMorgan recently raised its target to $104 and assigned an “overweight” rating.

AlpenGlobal Capital LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 27,973 shares of the aerospace company's stock, valued at approximately $1,785,000. Embraer-Empresa Brasileira de Aeronautica accounts for approximately 1.1% of AlpenGlobal Capital LLC's investment portfolio, making the stock its 27th biggest position.

A number of other large investors also recently added to or reduced their stakes in EMBJ. AMS Capital Ltda bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter worth approximately $2,279,000. FNY Investment Advisers LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at approximately $1,033,000. Bank of New York Mellon Corp raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 8.2% during the first quarter. Bank of New York Mellon Corp now owns 136,065 shares of the aerospace company's stock valued at $8,074,000 after buying an additional 10,346 shares during the last quarter. Ibex Wealth Advisors lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 11.8% in the first quarter. Ibex Wealth Advisors now owns 83,198 shares of the aerospace company's stock worth $4,937,000 after buying an additional 8,759 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter worth $27,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of EMBJ stock opened at $75.14 on Friday. The company has a market capitalization of $13.58 billion, a P/E ratio of 30.42, a P/E/G ratio of 1.84 and a beta of 1.44. The company's 50-day simple moving average is $66.89 and its two-hundred day simple moving average is $64.70. Embraer-Empresa Brasileira de Aeronautica has a one year low of $53.56 and a one year high of $80.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72.

Analyst Ratings Changes

Several research firms recently weighed in on EMBJ. Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 14th. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a "sector outperform" rating and a $81.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an "overweight" rating in a report on Friday, August 14th. Finally, Wall Street Zen raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $80.00.

Embraer-Empresa Brasileira de Aeronautica Profile

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.

Want to see what other hedge funds are holding EMBJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source