Two Sigma Advisers LP Cuts Position in Embraer S.A. (NYSE:ERJ)

Two Sigma Advisers LP trimmed its holdings in shares of Embraer S.A. (NYSE:ERJ) by 18.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 470,300 shares of the aerospace company’s stock after selling 104,900 shares during the period. Two Sigma Advisers LP’s holdings in Embraer were worth $16,635,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in Embraer during the second quarter valued at $41,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Embraer in the 2nd quarter worth about $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares in the last quarter. Asset Dedication LLC purchased a new stake in Embraer during the 2nd quarter valued at about $71,000. Finally, Signaturefd LLC increased its stake in Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 414 shares in the last quarter. 34.65% of the stock is owned by institutional investors.

Embraer Trading Up 0.9 %

Shares of Embraer stock opened at $37.84 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer S.A. has a twelve month low of $16.88 and a twelve month high of $40.34. The company’s 50 day moving average is $35.85 and its 200 day moving average is $32.44.

Analyst Upgrades and Downgrades

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

Embraer Company 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.