Wrapmanager Inc. Sells 1,729 Shares of Embraer S.A. (NYSE:ERJ)

Wrapmanager Inc. lessened its stake in Embraer S.A. (NYSE:ERJ) by 18.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,850 shares of the aerospace company’s stock after selling 1,729 shares during the quarter. Wrapmanager Inc.’s holdings in Embraer were worth $278,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ERJ. Angeles Investment Advisors LLC increased its stake in shares of Embraer by 3.0% in the 3rd quarter. Angeles Investment Advisors LLC now owns 11,753 shares of the aerospace company’s stock valued at $416,000 after acquiring an additional 338 shares during the last quarter. LVW Advisors LLC increased its stake in Embraer by 3.4% in the third quarter. LVW Advisors LLC now owns 10,320 shares of the aerospace company’s stock valued at $365,000 after purchasing an additional 340 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Embraer by 0.6% in the second quarter. Pinnacle Associates Ltd. now owns 63,435 shares of the aerospace company’s stock valued at $1,637,000 after purchasing an additional 385 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Embraer by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 22,209 shares of the aerospace company’s stock worth $573,000 after purchasing an additional 390 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Embraer by 7.9% during the third quarter. Signaturefd LLC now owns 5,676 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Analyst Upgrades and Downgrades

ERJ has been the topic of several research analyst reports. TD Cowen raised Embraer from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $41.00 in a research note on Wednesday, September 4th. UBS Group lowered Embraer from a “neutral” rating to a “sell” rating and raised their price target for the stock from $29.00 to $32.00 in a research report on Tuesday. Bank of America reiterated a “buy” rating and issued a $40.00 price objective on shares of Embraer in a research report on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.29.

Embraer Trading Down 2.9 %

NYSE:ERJ opened at $37.69 on Wednesday. The company has a market cap of $6.92 billion, a P/E ratio of 13.85 and a beta of 1.70. Embraer S.A. has a twelve month low of $16.09 and a twelve month high of $39.46. The business has a 50 day moving average price of $35.21 and a two-hundred day moving average price of $31.55. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74.

About Embraer

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.