Quantamental Technologies LLC acquired a new stake in shares of Embraer SA (NYSE:ERJ) during the 2nd quarter, HoldingsChannel reports. The fund acquired 2,981 shares of the aerospace company’s stock, valued at approximately $60,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stevens Capital Management LP lifted its stake in Embraer by 17.4% in the second quarter. Stevens Capital Management LP now owns 23,950 shares of the aerospace company’s stock worth $482,000 after acquiring an additional 3,542 shares during the last quarter. Aperio Group LLC increased its stake in Embraer by 82.0% in the 2nd quarter. Aperio Group LLC now owns 82,590 shares of the aerospace company’s stock valued at $1,663,000 after buying an additional 37,217 shares during the period. Brandes Investment Partners LP increased its stake in Embraer by 11.5% in the 1st quarter. Brandes Investment Partners LP now owns 19,931,834 shares of the aerospace company’s stock valued at $382,802,000 after buying an additional 2,054,130 shares during the period. Congress Park Capital LLC increased its stake in Embraer by 76.6% in the 2nd quarter. Congress Park Capital LLC now owns 133,075 shares of the aerospace company’s stock valued at $2,743,000 after buying an additional 57,700 shares during the period. Finally, Atria Investments LLC acquired a new position in shares of Embraer during the 2nd quarter worth $3,344,000. 44.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:ERJ traded up $0.08 on Friday, reaching $19.23. 15,401 shares of the company were exchanged, compared to its average volume of 843,621. The company has a current ratio of 2.17, a quick ratio of 1.24 and a debt-to-equity ratio of 0.85. Embraer SA has a 1-year low of $16.73 and a 1-year high of $23.68. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of -64.10 and a beta of -0.11. The company has a 50-day moving average of $18.66 and a 200-day moving average of $19.41.

Embraer (NYSE:ERJ) last posted its quarterly earnings results on Wednesday, August 14th. The aerospace company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.09. Embraer had a negative net margin of 1.49% and a negative return on equity of 2.84%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company posted $0.03 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, analysts forecast that Embraer SA will post -0.36 earnings per share for the current year.

A number of equities analysts have recently weighed in on the stock. UBS Group raised shares of Embraer from a “neutral” rating to a “buy” rating in a research note on Thursday. William Blair reaffirmed a “market perform” rating on shares of Embraer in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Embraer presently has an average rating of “Hold” and a consensus price target of $26.30.

Embraer Company Profile

Embraer SA designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia Pacific, Europe, and internationally. It operates through Commercial Aviation, Defense and Security, Executive Jets, Service & Support, and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets; and provides support services, as well as leases aircraft.

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Institutional Ownership by Quarter for Embraer (NYSE:ERJ)

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