MBA Advisors LLC Takes Position in Embraer-Empresa Brasileira de Aeronautica $EMBJ

MBA Advisors LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) in the second quarter, HoldingsChannel.com reports. The fund acquired 8,145 shares of the aerospace company’s stock, valued at approximately $520,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EMBJ. Ascentis Independent Advisors purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at $27,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $44,000. Gen Wealth Partners Inc acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $74,000. Bruce G. Allen Investments LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth approximately $90,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 747 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of Embraer-Empresa Brasileira de Aeronautica stock opened at $72.21 on Thursday. The firm’s 50 day moving average is $69.29 and its two-hundred day moving average is $64.83. 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 quick ratio of 0.72, a current ratio of 1.44 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $13.05 billion, a P/E ratio of 29.23, a P/E/G ratio of 1.58 and a beta of 1.40.

Analyst Ratings Changes

A number of research analysts recently commented on EMBJ shares. Wall Street Zen upgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 23rd. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price objective for the company. Weiss Ratings upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on Embraer-Empresa Brasileira de Aeronautica from $80.00 to $104.00 and gave the stock an “overweight” rating in a research note on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Embraer-Empresa Brasileira de Aeronautica 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.