Embraer SA (ERJ) Stake Lessened by Advisor Group Inc.

Advisor Group Inc. lessened its stake in shares of Embraer SA (NYSE:ERJ) by 35.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,988 shares of the aerospace company’s stock after selling 2,170 shares during the period. Advisor Group Inc.’s holdings in Embraer were worth $88,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Embraer during the 4th quarter worth $112,000. PNC Financial Services Group Inc. increased its stake in Embraer by 71.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 9,027 shares of the aerospace company’s stock worth $177,000 after acquiring an additional 3,756 shares during the period. National Asset Management Inc. bought a new position in Embraer during the 4th quarter worth $209,000. Atlas Capital Advisors LLC increased its stake in Embraer by 74.8% during the 4th quarter. Atlas Capital Advisors LLC now owns 11,839 shares of the aerospace company’s stock worth $262,000 after acquiring an additional 5,065 shares during the period. Finally, Rehmann Capital Advisory Group increased its stake in Embraer by 313.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 15,417 shares of the aerospace company’s stock worth $787,000 after acquiring an additional 11,691 shares during the period. Hedge funds and other institutional investors own 46.03% of the company’s stock.

Shares of ERJ traded up $0.07 during midday trading on Friday, hitting $19.96. The company’s stock had a trading volume of 464,568 shares, compared to its average volume of 861,599. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.51 and a current ratio of 2.33. Embraer SA has a one year low of $17.99 and a one year high of $27.70. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -66.53, a PEG ratio of 5.89 and a beta of -0.25.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Thursday, March 14th. The aerospace company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.10). Embraer had a negative net margin of 3.51% and a negative return on equity of 1.35%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business earned $0.19 EPS. The company’s revenue was down 3.6% compared to the same quarter last year. As a group, research analysts forecast that Embraer SA will post 0.2 EPS for the current fiscal year.

ERJ has been the topic of several recent analyst reports. Morgan Stanley lowered Embraer from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $24.50 to $24.00 in a research note on Wednesday, January 16th. ValuEngine lowered Embraer from a “buy” rating to a “hold” rating in a research note on Thursday, February 7th. Credit Suisse Group lowered Embraer from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 22nd. Cowen reiterated a “hold” rating and issued a $24.00 price target on shares of Embraer in a research note on Thursday, January 17th. Finally, Zacks Investment Research lowered Embraer from a “hold” rating to a “strong sell” rating in a research note on Monday, January 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $26.75.

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About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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