AMS Capital Ltda Buys New Shares in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Key Points

• AMS Capital Ltda purchased 35,715 Embraer shares in the second quarter, valued at approximately $2.28 million and representing 0.8% of its portfolio. Institutional investors collectively own 34.65% of the company.
• Embraer shares opened at $75.33, near their 12-month high of $80.75, with a market capitalization of $13.61 billion and a P/E ratio of 30.50.
• Analyst sentiment is favorable: JPMorgan raised its price target to $104, while the stock carries a consensus “Moderate Buy” rating and an average target price of $80.

AMS Capital Ltda purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,715 shares of the aerospace company's stock, valued at approximately $2,279,000. Embraer-Empresa Brasileira de Aeronautica accounts for approximately 0.8% of AMS Capital Ltda's investment portfolio, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $502,000. Jones Financial Companies Lllp grew its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 747 shares during the period. NewEdge Advisors LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 99.2% in the 2nd quarter. NewEdge Advisors LLC now owns 16,795 shares of the aerospace company's stock worth $956,000 after acquiring an additional 8,365 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 1.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 803,640 shares of the aerospace company's stock worth $45,735,000 after acquiring an additional 12,131 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth approximately $336,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Price Performance

NYSE:EMBJ opened at $75.33 on Monday. The business's 50-day moving average is $65.20 and its 200 day moving average is $64.68. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $53.56 and a 12 month high of $80.75. The company has a market capitalization of $13.61 billion, a P/E ratio of 30.50, a P/E/G ratio of 1.76 and a beta of 1.44. The company has a current ratio of 1.44, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target 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. Scotiabank started coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They issued a "sector outperform" rating and a $81.00 price objective for the company. Wall Street Zen upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, July 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently 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.

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