Freedom Investment Management Inc. Has $613,000 Holdings in Embraer S.A. (NYSE:ERJ)

Freedom Investment Management Inc. trimmed its position in Embraer S.A. (NYSE:ERJ) by 21.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,327 shares of the aerospace company’s stock after selling 4,748 shares during the quarter. Freedom Investment Management Inc.’s holdings in Embraer were worth $613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in shares of Embraer in the 2nd quarter valued at approximately $41,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Embraer during the second quarter worth $44,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Embraer during the second quarter valued at $55,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Embraer by 25.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 456 shares during the period. Finally, Asset Dedication LLC acquired a new stake in shares of Embraer in the 2nd quarter valued at $71,000. 34.65% of the stock is owned by institutional investors.

Embraer Trading Up 0.1 %

Shares of Embraer stock opened at $38.23 on Friday. The company’s 50 day moving average price is $35.66 and its two-hundred day moving average price is $32.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. Embraer S.A. has a fifty-two week low of $16.72 and a fifty-two week high of $40.34.

Wall Street Analysts Forecast Growth

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

About Embraer

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.