AlpenGlobal Capital LLC Acquires New Position in Embraer-Empresa Brasileira de Aeronautica $EMBJ

AlpenGlobal Capital LLC acquired a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 25,848 shares of the aerospace company’s stock, valued at approximately $1,534,000. Embraer-Empresa Brasileira de Aeronautica accounts for 1.0% of AlpenGlobal Capital LLC’s holdings, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at $27,000. CoreCap Advisors LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth $39,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $44,000. Jones Financial Companies Lllp raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the first quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 747 shares in the last quarter. Finally, Gen Wealth Partners Inc acquired a new stake in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of EMBJ opened at $66.10 on Friday. The company has a market capitalization of $11.94 billion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 1.58 and a beta of 1.43. Embraer-Empresa Brasileira de Aeronautica has a one year low of $46.54 and a one year high of $80.75. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73. The company’s fifty day moving average price is $60.19 and its 200 day moving average price is $64.95.

Analysts Set New Price Targets

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