FNY Investment Advisers LLC Acquires Shares of 16,200 Embraer-Empresa Brasileira de Aeronautica $EMBJ

Key Points

• FNY Investment Advisers initiated a position in Embraer, purchasing 16,200 shares worth approximately $1.03 million during the second quarter.
• Institutional ownership remains significant at 34.65%, with several major investors—including Itau Unibanco, Ameriprise Financial, Lord Abbett, Vaughan Nelson and Russell Investments—recently adding or initiating positions.
• Embraer shares opened at $71.90, above the analyst consensus price target of $68.00. Analyst sentiment is mixed, with four Buy ratings, two Holds and one Sell, resulting in an overall “Hold” consensus.

FNY Investment Advisers LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,200 shares of the aerospace company's stock, valued at approximately $1,033,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EMBJ. Itau Unibanco Holding S.A. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $68,460,000. Ameriprise Financial Inc. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 20.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 970,129 shares of the aerospace company's stock worth $58,644,000 after acquiring an additional 166,489 shares during the period. Lord Abbett & CO. LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth $28,696,000. Vaughan Nelson Investment Management L.P. acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at $21,687,000. Finally, Russell Investments Group Ltd. acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $21,288,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE:EMBJ opened at $71.90 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $53.56 and a 1 year high of $80.75. The stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 1.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73. The company's 50 day simple moving average is $63.16 and its 200 day simple moving average is $64.78.

Analyst Ratings Changes

Several research firms have recently issued reports on EMBJ. Scotiabank began coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They set a "sector outperform" rating and a $81.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $68.00.

Embraer-Empresa Brasileira de Aeronautica Company 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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