Embraer-Empresa Brasileira de Aeronautica Target of Unusually Large Options Trading (NYSE:EMBJ)

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) was the target of unusually large options trading activity on Thursday. Stock investors purchased 10,547 call options on the company. This is 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

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 15.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock worth $130,000 after acquiring an additional 291 shares during the period. Ethic Inc. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 13.8% in the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock worth $333,000 after purchasing an additional 666 shares during the period. Leavell Investment Management Inc. increased its stake in Embraer-Empresa Brasileira de Aeronautica by 6.1% in the 3rd quarter. Leavell Investment Management Inc. now owns 12,245 shares of the aerospace company’s stock worth $740,000 after acquiring an additional 700 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 4.7% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 16,184 shares of the aerospace company’s stock valued at $978,000 after acquiring an additional 730 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position 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. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE EMBJ traded up $1.76 during midday trading on Thursday, hitting $71.60. The company’s stock had a trading volume of 373,878 shares, compared to its average volume of 801,897. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 41.63, a P/E/G ratio of 1.59 and a beta of 1.60. The company has a current ratio of 1.43, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $65.40 and a 200 day moving average price of $60.14. Embraer-Empresa Brasileira de Aeronautica has a one year low of $36.79 and a one year high of $72.31.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share 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%. On average, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has approved a stock repurchase program on Thursday, November 6th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EMBJ shares. Zacks Research raised shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Citigroup upped their price objective on Embraer-Empresa Brasileira de Aeronautica from $59.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Finally, Bank of America raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.86.

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.