Embraer S.A. (NYSE:ERJ) Sees Large Decline in Short Interest

Embraer S.A. (NYSE:ERJ) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,930,000 shares, a decrease of 7.1% from the November 30th total of 4,230,000 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is currently 3.3 days.

Analysts Set New Price Targets

ERJ has been the topic of a number of analyst reports. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and upped their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen raised shares of Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com upgraded shares of Embraer from a “hold” rating to a “buy” rating in a research report on Wednesday, December 25th. Finally, Bank of America boosted their target price on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Embraer currently has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Institutional Trading of Embraer

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in Embraer by 6.4% in the second quarter. American Century Companies Inc. now owns 2,304,245 shares of the aerospace company’s stock worth $59,450,000 after acquiring an additional 137,695 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Embraer by 13.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,648,800 shares of the aerospace company’s stock worth $42,539,000 after purchasing an additional 197,600 shares in the last quarter. Driehaus Capital Management LLC grew its position in Embraer by 102.5% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,439,579 shares of the aerospace company’s stock valued at $37,141,000 after purchasing an additional 728,592 shares during the period. Jennison Associates LLC increased its stake in Embraer by 102.1% during the 3rd quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock valued at $47,100,000 after purchasing an additional 672,644 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in Embraer by 54.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,112,314 shares of the aerospace company’s stock worth $39,343,000 after buying an additional 393,696 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer Stock Up 0.8 %

NYSE ERJ traded up $0.28 on Wednesday, hitting $36.68. 637,624 shares of the company were exchanged, compared to its average volume of 1,534,791. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The company has a market cap of $6.74 billion, a PE ratio of 13.49 and a beta of 1.72. The stock has a fifty day moving average of $36.75 and a 200-day moving average of $33.39. Embraer has a 12 month low of $16.88 and a 12 month high of $40.34.

About Embraer

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.