Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Stake Lowered by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers reduced its holdings in Embraer-Empresa Brasileira de Aeronautica by 18.4%, holding 31,637 shares valued at approximately $1.46 million after selling 7,111 shares in the first quarter.
• Embraer's latest earnings report showed a loss of ($0.02) EPS, missing estimates by ($0.49), but revenue of $1.82 billion beat forecasts of $1.67 billion.
• Analysts have upgraded their outlook on Embraer, with HSBC raising its rating to "buy" and adjusting the price target to $57.00, while Goldman Sachs also issued a "buy" rating with a target of $67.00.

Cetera Investment Advisers lowered its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 18.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,637 shares of the aerospace company's stock after selling 7,111 shares during the quarter. Cetera Investment Advisers' holdings in Embraer-Empresa Brasileira de Aeronautica were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $42,000. Farther Finance Advisors LLC boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 673.0% in the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after acquiring an additional 2,147 shares during the last quarter. Redwood Investments LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $161,000. Quantinno Capital Management LP acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $227,000. Finally, Tudor Investment Corp ET AL lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 13.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 6,689 shares of the aerospace company's stock worth $245,000 after purchasing an additional 789 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ERJ shares. UBS Group restated a "sell" rating and set a $39.00 price objective (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $57.00 in a research note on Wednesday, June 4th. Wall Street Zen lowered shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Saturday. The Goldman Sachs Group raised their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Hsbc Global Res upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of "Moderate Buy" and an average target price of $53.83.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.7%

Shares of NYSE:ERJ traded up $0.99 during trading on Tuesday, hitting $58.76. The company's stock had a trading volume of 937,440 shares, compared to its average volume of 1,782,358. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $31.76 and a fifty-two week high of $61.65. The stock's 50-day moving average price is $53.12 and its two-hundred day moving average price is $48.44. The company has a market capitalization of $10.79 billion, a PE ratio of 28.66 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $0.44 EPS. As a group, sell-side analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current 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.