Stock Traders Buy High Volume of Embraer-Empresa Brasileira de Aeronautica Call Options (NYSE:EMBJ)

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was the target of unusually large options trading on Wednesday. Stock investors bought 8,018 call options on the stock. This is an increase of approximately 694% compared to the typical daily volume of 1,010 call options.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.2%

NYSE:EMBJ traded up $0.86 on Wednesday, hitting $75.49. 999,400 shares of the company’s stock were exchanged, compared to its average volume of 1,359,685. The firm has a 50-day moving average price of $67.83 and a 200-day moving average price of $64.77. 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 debt-to-equity ratio of 0.61, a current ratio of 1.44 and a quick ratio of 0.72. The company has a market cap of $13.64 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.44.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EMBJ. Itau Unibanco Holding S.A. acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $68,460,000. Lord Abbett & CO. LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $28,696,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 1st quarter valued at about $21,687,000. Russell Investments Group Ltd. acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth about $21,288,000. Finally, Aubrey Capital Management Ltd acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter worth about $14,904,000. Institutional investors and hedge funds own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Embraer-Empresa Brasileira de Aeronautica Company 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.