Traders Buy Large Volume of Call Options on Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ)

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was the target of unusually large options trading activity on Thursday. Stock investors bought 10,547 call options on the stock. This represents an increase of 703% compared to the average daily volume of 1,314 call options.

Hedge Funds Weigh In On Embraer-Empresa Brasileira de Aeronautica

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after acquiring an additional 747 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 1,608.7% in the second quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock worth $123,000 after purchasing an additional 2,043 shares during the last quarter. Farther Finance Advisors LLC grew its position in Embraer-Empresa Brasileira de Aeronautica by 15.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock worth $130,000 after purchasing an additional 291 shares during the period. Rexford Capital Inc. purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at $203,000. Finally, Everett Harris & Co. CA purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 2nd quarter valued at $239,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.2%

NYSE:EMBJ opened at $71.50 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 1.43. The firm has a market cap of $12.98 billion, a P/E ratio of 41.57, a P/E/G ratio of 1.63 and a beta of 1.60. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $36.79 and a fifty-two week high of $72.31. The firm has a 50-day simple moving average of $65.65 and a two-hundred day simple moving average of $60.34.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a net margin of 4.34% and a return on equity of 8.24%. Analysts predict that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EMBJ shares. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Citigroup upped their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica has an average rating of “Moderate Buy” and a consensus price target 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.