Anchor Capital Advisors LLC Lowers Holdings in Embraer SA (ERJ)
Anchor Capital Advisors LLC lowered its position in shares of Embraer SA (NYSE:ERJ) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 87,167 shares of the aerospace company’s stock after selling 4,123 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Embraer were worth $1,929,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Brandes Investment Partners LP lifted its position in Embraer by 11.5% during the 3rd quarter. Brandes Investment Partners LP now owns 18,005,367 shares of the aerospace company’s stock worth $357,686,000 after acquiring an additional 1,863,954 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of Embraer by 13.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,581,737 shares of the aerospace company’s stock valued at $109,346,000 after purchasing an additional 653,500 shares in the last quarter. Oldfield Partners LLP increased its stake in shares of Embraer by 27.2% in the 3rd quarter. Oldfield Partners LLP now owns 3,810,165 shares of the aerospace company’s stock valued at $74,641,000 after purchasing an additional 813,800 shares in the last quarter. Holowesko Partners Ltd. increased its stake in shares of Embraer by 62.6% in the 3rd quarter. Holowesko Partners Ltd. now owns 2,294,250 shares of the aerospace company’s stock valued at $44,944,000 after purchasing an additional 883,000 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Embraer by 2,209.4% in the 3rd quarter. Morgan Stanley now owns 1,161,686 shares of the aerospace company’s stock valued at $22,758,000 after purchasing an additional 1,111,383 shares in the last quarter. 44.95% of the stock is owned by institutional investors.
NYSE:ERJ opened at $20.06 on Friday. Embraer SA has a 12 month low of $17.99 and a 12 month high of $28.55. The company has a quick ratio of 1.29, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 10.62 and a beta of -0.16.
Several research firms have commented on ERJ. Morgan Stanley lowered Embraer from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $24.50 to $24.00 in a research note on Wednesday, January 16th. Credit Suisse Group boosted their price objective on Embraer from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 18th. Cowen reiterated a “hold” rating and set a $28.00 price objective on shares of Embraer in a research note on Tuesday, October 30th. ValuEngine upgraded Embraer from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research lowered Embraer from a “hold” rating to a “strong sell” rating in a research note on Monday, January 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Embraer currently has an average rating of “Hold” and an average target price of $26.75.
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Embraer Company Profile
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, and Other Related Businesses segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.
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