Graham Capital Management L.P. Sells 46,068 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Graham Capital Management L.P. reduced its stake in Embraer-Empresa Brasileira de Aeronautica by 16.8%, owning approximately 0.12% of the company after selling 46,068 shares.
• Embraer reported a loss of $0.02 per share for the last quarter, significantly missing analyst expectations of $0.47, despite generating $1.82 billion in revenue.
• Brokerage analysts have mixed ratings on the stock, with Zacks downgrading it to a "strong sell" and HSBC upgrading it to a "buy" with a price target increase to $57.00.

Graham Capital Management L.P. lowered its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 16.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,859 shares of the aerospace company's stock after selling 46,068 shares during the period. Graham Capital Management L.P. owned about 0.12% of Embraer-Empresa Brasileira de Aeronautica worth $10,527,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. GQG Partners LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter worth about $276,246,000. Jennison Associates LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 215.7% during the 1st quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company's stock worth $190,629,000 after purchasing an additional 2,819,306 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 654.5% in the 1st quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company's stock valued at $161,737,000 after acquiring an additional 3,036,797 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 116.8% in the 1st quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company's stock valued at $123,762,000 after acquiring an additional 1,443,186 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at about $84,931,000. Institutional investors own 34.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Wolfe Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price for the company in a research note on Thursday, July 31st. The Goldman Sachs Group raised their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $54.67.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of ERJ stock traded down $0.38 during trading on Wednesday, hitting $57.06. The company had a trading volume of 999,048 shares, compared to its average volume of 1,519,896. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. The firm has a market capitalization of $10.48 billion, a P/E ratio of 27.84 and a beta of 1.87. The stock's 50-day moving average price is $55.49 and its 200 day moving average price is $50.13. Embraer-Empresa Brasileira de Aeronautica has a one year low of $32.26 and a one year high of $61.65.

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

About Embraer-Empresa Brasileira de Aeronautica

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.