Maverick Capital Ltd. Makes New Investment in Embraer-Empresa Brasileira de Aeronautica $ERJ

Key Points

• Maverick Capital Ltd. acquired 20,495 shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ), valued at approximately $947,000, during the first quarter of the year.
• Recent earnings results showed Embraer reported a loss of ($0.02) EPS for the quarter, significantly missing the consensus estimate of $0.47.
• Analysts have varying ratings on ERJ shares, with HSBC upgrading their rating to "buy" and the average price target set at $54.67.

Maverick Capital Ltd. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,495 shares of the aerospace company's stock, valued at approximately $947,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at about $25,000. Colonial Trust Co SC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 241.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock worth $82,000 after purchasing an additional 1,249 shares during the period. 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 worth $114,000 after acquiring an additional 2,147 shares in the last quarter. Finally, Redwood Investments LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $161,000. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Trading Up 3.5%

ERJ stock traded up $2.06 during trading on Friday, reaching $60.97. The company had a trading volume of 2,544,156 shares, compared to its average volume of 1,426,549. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. The business has a 50 day moving average of $55.71 and a 200 day moving average of $50.48. The company has a market cap of $11.20 billion, a P/E ratio of 29.74 and a beta of 1.87. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $32.26 and a 52 week high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (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 the consensus estimate of $1.67 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group increased their price objective on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a "sell" rating in a research note on Friday, August 15th. 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. HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and boosted their target price for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. The Goldman Sachs Group boosted 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 research report on Thursday, August 7th. Finally, Wolfe Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price target for the company in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has an average rating of "Moderate Buy" and an average price target of $57.40.

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.