Freedom Investment Management Inc. Sells 4,748 Shares of Embraer S.A. (NYSE:ERJ)

Freedom Investment Management Inc. reduced its position in Embraer S.A. (NYSE:ERJ) by 21.5% during the third quarter, Holdings Channel.com reports. The firm owned 17,327 shares of the aerospace company’s stock after selling 4,748 shares during the quarter. Freedom Investment Management Inc.’s holdings in Embraer were worth $613,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Embraer in the second quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Embraer in the 2nd quarter worth about $44,000. Ashton Thomas Private Wealth LLC bought a new position in Embraer in the 2nd quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the last quarter. Finally, Asset Dedication LLC bought a new stake in Embraer during the 2nd quarter worth approximately $71,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Up 0.1 %

NYSE ERJ opened at $38.23 on Friday. The business’s fifty day moving average is $35.66 and its 200-day moving average is $32.07. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Embraer S.A. has a one year low of $16.72 and a one year high of $40.34.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ERJ shares. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and raised their target price for the company from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America lifted their price objective on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, TD Cowen upgraded shares of Embraer from a “hold” rating to a “buy” rating and upped their target price for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.43.

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.