Thoroughbred Financial Services LLC Invests $1 Million in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Thoroughbred Financial Services LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,588 shares of the aerospace company’s stock, valued at approximately $1,003,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $129,000. Gabelli Funds LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $290,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $44,000. Ethic Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $369,000. Finally, Navellier & Associates Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $5,264,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.2%

EMBJ opened at $57.67 on Friday. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $45.20 and a fifty-two week high of $80.75. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.73 and a current ratio of 1.48. The company has a fifty day moving average of $61.46 and a two-hundred day moving average of $65.87. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.40 and a beta of 1.51.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. The company had revenue of $2.65 billion during the quarter. On average, research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EMBJ shares. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Weiss Ratings downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.86.

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.