Aubrey Capital Management Ltd Acquires New Position in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Key Points

• Aubrey Capital Management acquired 233,608 Embraer shares worth approximately $14.9 million, making the aerospace company 9.2% of its portfolio and its largest position.
• Institutional investors own 34.65% of Embraer, while the stock recently traded at $71.73, down 1.1%, with a 12-month range of $53.56 to $80.75.
• Analyst sentiment is positive: Embraer has a “Moderate Buy” consensus rating, a $80 average price target, and JPMorgan recently raised its target to $104 with an “overweight” rating.

Aubrey Capital Management Ltd acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 233,608 shares of the aerospace company's stock, valued at approximately $14,904,000. Embraer-Empresa Brasileira de Aeronautica accounts for 9.2% of Aubrey Capital Management Ltd's portfolio, making the stock its biggest position. Aubrey Capital Management Ltd owned approximately 0.13% of Embraer-Empresa Brasileira de Aeronautica at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Ascentis Independent Advisors acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter worth approximately $27,000. 1620 Investment Advisors Inc. purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth about $44,000. Jones Financial Companies Lllp raised its stake in 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 purchasing an additional 747 shares during the period. Gen Wealth Partners Inc acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $74,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $90,000. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.1%

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $71.73 on Tuesday. The stock has a market capitalization of $12.96 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 1.60 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 1.44 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $68.86 and a 200 day simple moving average of $64.84. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $53.56 and a 12-month high of $80.75.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen raised shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 23rd. JPMorgan Chase & Co. lifted their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Weiss Ratings raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 14th. Finally, Scotiabank initiated coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a "sector outperform" rating and a $81.00 target price on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has an average rating of "Moderate Buy" and a consensus 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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