Corient Private Wealth LP Makes New Investment in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Corient Private Wealth LP bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,917 shares of the aerospace company's stock, valued at approximately $1,909,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EMBJ. AMS Capital Ltda bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 2nd quarter valued at about $2,279,000. AlpenGlobal Capital LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $1,534,000. FNY Investment Advisers LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the second quarter valued at approximately $1,033,000. Aubrey Capital Management Ltd bought a new position in Embraer-Empresa Brasileira de Aeronautica in the second quarter worth approximately $14,904,000. Finally, Thoroughbred Financial Services LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth approximately $1,003,000. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of EMBJ stock opened at $75.58 on Thursday. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.70 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.44. The stock's 50-day simple moving average is $72.38 and its 200-day simple moving average is $65.18. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $53.56 and a fifty-two week high of $80.75.

Analyst Upgrades and Downgrades

EMBJ has been the topic of a number of analyst reports. Wall Street Zen upgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 23rd. Scotiabank began coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They set a "sector outperform" rating and a $81.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, September 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.00.

Embraer-Empresa Brasileira de Aeronautica Company Profile

Embraer SA, formerly known as Empresa Brasileira de Aeronáutica, is a Brazilian aerospace company headquartered in São José dos Campos, São Paulo. Founded in 1969, the company designs, develops, manufactures and supports aircraft for commercial aviation, executive aviation, defense and security, and specialized applications.

Embraer's commercial aviation portfolio includes the E-Jets and E-Jets E2 families of regional and small narrowbody aircraft. Its executive aviation business produces the Phenom and Praetor families of business jets.

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