Dorsey Wright & Associates Invests $3.80 Million in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Dorsey Wright & Associates bought a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the fourth quarter, HoldingsChannel.com reports. The fund bought 59,040 shares of the aerospace company’s stock, valued at approximately $3,800,000.

Several other hedge funds have also bought and sold shares of EMBJ. CoreCap Advisors LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $39,000. 1620 Investment Advisors Inc. bought a new stake in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp raised its stake in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after buying an additional 747 shares during the period. Gen Wealth Partners Inc acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $74,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $90,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.0%

Shares of EMBJ stock opened at $60.69 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $46.54 and a 12-month high of $80.75. The company has a market capitalization of $10.97 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 1.47 and a beta of 1.46. The firm has a 50 day moving average price of $60.98 and a two-hundred day moving average price of $65.13. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its earnings results on Saturday, February 14th. The aerospace company reported $0.46 EPS for the quarter. The company had revenue of $2.65 billion for the quarter. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 6.13% and a net margin of 3.94%. As a group, analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.91 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Zacks Research downgraded Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Scotiabank started coverage on Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price target on the stock. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Weiss Ratings downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.29.

About Embraer-Empresa Brasileira de Aeronautica

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.