Paloma Partners Management Co Purchases Shares of 21,297 Embraer S.A. (NYSE:ERJ)

Paloma Partners Management Co acquired a new position in Embraer S.A. (NYSE:ERJ) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 21,297 shares of the aerospace company’s stock, valued at approximately $753,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in Embraer during the 2nd quarter valued at $41,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Embraer during the second quarter worth about $55,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 456 shares during the last quarter. Asset Dedication LLC purchased a new position in Embraer during the 2nd quarter valued at about $71,000. Finally, Signaturefd LLC raised its position in Embraer by 7.9% during the 3rd quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 414 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

Embraer Trading Down 2.6 %

Shares of NYSE ERJ opened at $37.03 on Wednesday. The company has a 50 day simple moving average of $35.77 and a two-hundred day simple moving average of $32.24. Embraer S.A. has a fifty-two week low of $16.88 and a fifty-two week high of $40.34. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ERJ. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Bank of America boosted their price objective on shares of Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group cut shares of Embraer from a “neutral” rating to a “sell” rating and raised their target price for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Embraer Company Profile

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.