21,297 Shares in Embraer S.A. (NYSE:ERJ) Acquired by Paloma Partners Management Co

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

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Advisors LLC purchased a new position in shares of Embraer during the first quarter valued at approximately $781,000. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Embraer by 6.5% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock worth $277,000 after acquiring an additional 652 shares during the period. Southland Equity Partners LLC bought a new stake in shares of Embraer in the second quarter worth $271,000. SG Americas Securities LLC bought a new position in Embraer in the second quarter valued at about $2,458,000. Finally, LVW Advisors LLC purchased a new position in Embraer in the second quarter worth about $257,000. Institutional investors own 34.65% of the company’s stock.

Embraer Stock Down 2.6 %

ERJ opened at $37.03 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $35.77 and a 200 day 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.

Analysts Set New Price Targets

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