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

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) saw some unusual options trading on Thursday. Stock investors purchased 10,547 call options on the stock. This represents an increase of approximately 703% compared to the typical daily volume of 1,314 call options.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EMBJ. Farther Finance Advisors LLC increased its position in shares of Embraer-Empresa Brasileira de Aeronautica by 15.7% during the third 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 in the last quarter. Ethic Inc. boosted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 13.8% during the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock valued at $333,000 after buying an additional 666 shares during the last quarter. Leavell Investment Management Inc. raised its position 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 valued at $740,000 after buying an additional 700 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in Embraer-Empresa Brasileira de Aeronautica by 4.7% during 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 holdings in 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 worth $70,000 after acquiring an additional 747 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Trading Up 2.5%

EMBJ traded up $1.76 during 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 stock’s fifty day moving average price is $65.40 and its 200-day moving average price is $60.14. The firm has a market capitalization of $12.74 billion, a P/E ratio of 41.63, a PEG ratio of 1.59 and a beta of 1.60. The company has a quick ratio of 0.67, a current ratio of 1.43 and a debt-to-equity ratio of 0.55. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $36.79 and a twelve month high of $72.31.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last issued its earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 8.24% and a net margin of 4.34%. Analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica declared that its Board of Directors has initiated a share repurchase program on Thursday, November 6th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the aerospace company to purchase 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 Ratings Changes

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