Ibex Wealth Advisors Buys 8,759 Shares of Embraer-Empresa Brasileira de Aeronautica $EMBJ

Ibex Wealth Advisors lifted its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,198 shares of the aerospace company’s stock after acquiring an additional 8,759 shares during the quarter. Ibex Wealth Advisors’ holdings in Embraer-Empresa Brasileira de Aeronautica were worth $4,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ascentis Independent Advisors bought a new position in Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $27,000. CoreCap Advisors LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $39,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $44,000. Jones Financial Companies Lllp boosted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st 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 last quarter. Finally, Gen Wealth Partners Inc bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $74,000. Institutional investors own 34.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 target price for the company. JPMorgan Chase & Co. lowered their price target on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Zacks Research cut Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Wall Street Zen lowered Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.29.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:EMBJ opened at $65.60 on Friday. The stock has a market cap of $11.85 billion, a P/E ratio of 38.36, a PEG ratio of 1.53 and a beta of 1.43. The stock has a 50 day simple moving average of $60.09 and a 200 day simple moving average of $64.94. The company has a current ratio of 1.48, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $46.54 and a 1-year high of $80.75.

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.