Stock Traders Buy High Volume of Embraer-Empresa Brasileira de Aeronautica Call Options (NYSE:EMBJ)

Key Points

• Unusually heavy options activity: Investors bought 8,018 Embraer call options, roughly 694% above the typical daily volume of 1,010 contracts.
• Shares gained 1.2%: EMBJ rose $0.86 to $75.49, trading near its 52-week high of $80.75, with a market capitalization of approximately $13.64 billion.
• Analyst and institutional support: Several institutions recently established positions, while analysts maintain a “Moderate Buy” consensus and an average price target of $80; JPMorgan raised its target to $104 and assigned an “overweight” rating.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ - Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors bought 8,018 call options on the stock. This is an increase of approximately 694% compared to the typical daily volume of 1,010 call options.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.2%

NYSE:EMBJ traded up $0.86 on Wednesday, hitting $75.49. 999,400 shares of the company's stock were exchanged, compared to its average volume of 1,359,685. The firm has a 50-day moving average price of $67.83 and a 200-day moving average price of $64.77. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $53.56 and a 52 week high of $80.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72. The company has a market cap of $13.64 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.44.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EMBJ. Itau Unibanco Holding S.A. acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $68,460,000. Lord Abbett & CO. LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $28,696,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at about $21,687,000. Russell Investments Group Ltd. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth about $21,288,000. Finally, Aubrey Capital Management Ltd acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth about $14,904,000. Institutional investors and hedge funds own 34.65% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source