Oldfield Partners Llp Boosted Embraer Sa (ERJ) Holding by $9.02 Million

April 17, 2018 - By Adrian Mccoy

Embraer S.A. (NYSE:ERJ) Logo

Oldfield Partners Llp increased its stake in Embraer Sa (ERJ) by 11.93% based on its latest 2017Q4 regulatory filing with the SEC. Oldfield Partners Llp bought 392,200 shares as the company’s stock rose 6.49% while stock markets declined. The institutional investor held 3.68M shares of the aerospace company at the end of 2017Q4, valued at $88.05 million, up from 3.29M at the end of the previous reported quarter. Oldfield Partners Llp who had been investing in Embraer Sa for a number of months, seems to be bullish on the $5.17 billion market cap company. The stock increased 2.08% or $0.55 during the last trading session, reaching $27.05. About 326,376 shares traded. Embraer S.A. (NYSE:ERJ) has risen 15.99% since April 17, 2017 and is uptrending. It has outperformed by 4.44% the S&P500.

Embraer S.A. (NYSE:ERJ) Ratings Coverage

Among 6 analysts covering Embraer SA (NYSE:ERJ), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. Embraer SA has $30 highest and $21.0 lowest target. $25.90’s average target is -4.25% below currents $27.05 stock price. Embraer SA had 8 analyst reports since October 26, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Friday, December 22 by Credit Suisse. Bank of America maintained Embraer S.A. (NYSE:ERJ) rating on Wednesday, November 1. Bank of America has “Buy” rating and $27.0 target. Credit Suisse upgraded it to “Buy” rating and $25.0 target in Thursday, October 26 report. The firm has “Underperform” rating by Santander given on Monday, October 30. On Tuesday, October 31 the stock rating was downgraded by J.P. Morgan to “Hold”. Cowen & Co maintained it with “Hold” rating and $28.0 target in Monday, January 22 report. Credit Suisse maintained Embraer S.A. (NYSE:ERJ) rating on Friday, March 9. Credit Suisse has “Outperform” rating and $30 target. Scotia Capital maintained it with “Hold” rating and $23.5 target in Friday, March 9 report.

Embraer S.A. (NYSE:ERJ) Ratings Chart

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