Miura Global Management LLC Takes Position in Embraer S.A. (NYSE:ERJ)

Miura Global Management LLC purchased a new position in shares of Embraer S.A. (NYSE:ERJ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the aerospace company’s stock, valued at approximately $884,000. Embraer makes up approximately 1.0% of Miura Global Management LLC’s holdings, making the stock its 18th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Advisors LLC bought a new stake in shares of Embraer in the 1st quarter worth $781,000. U.S. Capital Wealth Advisors LLC lifted its holdings in Embraer by 6.5% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 10,724 shares of the aerospace company’s stock worth $277,000 after acquiring an additional 652 shares during the period. Southland Equity Partners LLC purchased a new position in Embraer in the second quarter worth $271,000. SG Americas Securities LLC bought a new position in Embraer in the 2nd quarter valued at $2,458,000. Finally, LVW Advisors LLC purchased a new stake in shares of Embraer during the 2nd quarter valued at $257,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer Trading Down 2.6 %

NYSE ERJ opened at $37.03 on Wednesday. The company’s 50 day moving average is $35.77 and its 200-day moving average is $32.24. Embraer S.A. has a 12-month low of $16.88 and a 12-month high of $40.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.56 and a quick ratio of 0.76.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their price target for the company from $29.00 to $32.00 in a research report on Tuesday, November 19th. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, Bank of America lifted their price target on shares of Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. One 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.43.

Embraer Company Profile

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.