Thoroughbred Financial Services LLC Acquires Shares of 15,588 Embraer-Empresa Brasileira de Aeronautica $EMBJ

Thoroughbred Financial Services LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 15,588 shares of the aerospace company’s stock, valued at approximately $1,003,000.

Several other hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $129,000. Gabelli Funds LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $290,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $44,000. Ethic Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $369,000. Finally, Navellier & Associates Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $5,264,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EMBJ. Zacks Research cut shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. JPMorgan Chase & Co. dropped their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Finally, Weiss Ratings cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.86.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Embraer-Empresa Brasileira de Aeronautica stock opened at $57.67 on Friday. The firm has a 50 day simple moving average of $61.46 and a 200-day simple moving average of $65.87. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $45.20 and a 1-year high of $80.75. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.51.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The business had revenue of $2.65 billion during the quarter. On average, analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.9 EPS for the current year.

About Embraer-Empresa Brasileira de Aeronautica

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.