Atika Capital Management LLC Purchases 12,500 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Atika Capital Management LLC has raised its holdings in Embraer-Empresa Brasileira de Aeronautica by 9.2%, owning approximately 149,100 shares worth $6.9 million as of its latest SEC filing.
• Several large investors, including Stifel Financial Corp and US Bancorp DE, have also increased their stakes in the company, reflecting a broader interest from institutional investors.
• Wall Street reactions to Embraer’s stock vary, with analysts issuing ratings from strong sell to strong buy, and a consensus target price of $54.67.

Atika Capital Management LLC grew its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 9.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 149,100 shares of the aerospace company's stock after buying an additional 12,500 shares during the period. Atika Capital Management LLC owned approximately 0.08% of Embraer-Empresa Brasileira de Aeronautica worth $6,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ERJ. Colonial Trust Co SC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth $42,000. Farther Finance Advisors LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 673.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock worth $114,000 after purchasing an additional 2,147 shares during the period. PNC Financial Services Group Inc. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 47.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company's stock worth $176,000 after purchasing an additional 1,216 shares during the period. US Bancorp DE boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 19.4% in the 1st quarter. US Bancorp DE now owns 3,984 shares of the aerospace company's stock worth $184,000 after purchasing an additional 648 shares during the period. Finally, Redwood Investments LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth $161,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.1%

Shares of Embraer-Empresa Brasileira de Aeronautica stock traded up $0.6340 during trading hours on Friday, reaching $56.9140. 1,332,695 shares of the company's stock were exchanged, compared to its average volume of 2,503,724. The company has a 50 day moving average of $54.87 and a two-hundred day moving average of $49.41. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $31.76 and a fifty-two week high of $61.65. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 0.58. The stock has a market cap of $10.45 billion, a P/E ratio of 27.76 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. The Goldman Sachs Group upped their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and upped their target price for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, Wolfe Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective for the company in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and a consensus price target of $54.67.

Embraer-Empresa Brasileira de Aeronautica 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.