CastleKnight Management LP Cuts Stock Position in Embraer S.A. (NYSE:ERJ)

CastleKnight Management LP decreased its holdings in Embraer S.A. (NYSE:ERJ) by 78.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,500 shares of the aerospace company’s stock after selling 84,900 shares during the quarter. CastleKnight Management LP’s holdings in Embraer were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ERJ. Bridgefront Capital LLC purchased a new position in Embraer in the 4th quarter valued at approximately $545,000. Beverly Hills Private Wealth LLC raised its position in Embraer by 3.3% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 36,292 shares of the aerospace company’s stock valued at $1,331,000 after purchasing an additional 1,166 shares in the last quarter. Bearing Point Capital LLC acquired a new position in shares of Embraer during the fourth quarter worth about $5,848,000. Ameriprise Financial Inc. raised its holdings in Embraer by 902.5% in the fourth quarter. Ameriprise Financial Inc. now owns 587,066 shares of the aerospace company’s stock valued at $21,534,000 after acquiring an additional 528,508 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Embraer in the 4th quarter valued at approximately $1,465,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Trading Down 0.3 %

NYSE:ERJ opened at $46.45 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. Embraer S.A. has a 52-week low of $25.24 and a 52-week high of $56.61. The stock’s 50 day moving average price is $46.90 and its 200 day moving average price is $41.40. The company has a market capitalization of $8.53 billion, a PE ratio of 17.08 and a beta of 1.67.

Embraer (NYSE:ERJ) last issued its quarterly earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. On average, research analysts anticipate that Embraer S.A. will post 2.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ERJ shares. The Goldman Sachs Group raised their price target on Embraer from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Wolfe Research restated a “peer perform” rating on shares of Embraer in a research note on Monday, March 24th. UBS Group reiterated a “sell” rating and issued a $39.00 price target (up from $35.00) on shares of Embraer in a research note on Thursday, April 24th. Finally, StockNews.com cut shares of Embraer from a “buy” rating to a “hold” rating in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.25.

Embraer Profile

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.