As Embraer S A (ERJ) Share Value Declined, Holowesko Partners LTD Trimmed Its Holding by $37.97 Million

September 30, 2018 - By Catherine Diaz

Embraer S.A. (NYSE:ERJ) Logo

Holowesko Partners Ltd decreased its stake in Embraer S A (ERJ) by 52.85% based on its latest 2018Q2 regulatory filing with the SEC. Holowesko Partners Ltd sold 1.58 million shares as the company’s stock declined 29.45% while stock markets rallied. The hedge fund held 1.41 million shares of the aerospace company at the end of 2018Q2, valued at $35.14 million, down from 2.99 million at the end of the previous reported quarter. Holowesko Partners Ltd who had been investing in Embraer S A for a number of months, seems to be less bullish one the $3.59 billion market cap company. The stock decreased 0.91% or $0.18 during the last trading session, reaching $19.59. About 1.09 million shares traded. Embraer S.A. (NYSE:ERJ) has declined 20.14% since September 30, 2017 and is downtrending. It has underperformed by 35.76% the S&P500.

Holowesko Partners Ltd, which manages about $4.09 billion and $1.48B US Long portfolio, upped its stake in Johnson & Johnson (NYSE:JNJ) by 754,000 shares to 1.06M shares, valued at $129.11 million in 2018Q2, according to the filing. It also increased its holding in Jd Com Inc (NASDAQ:JD) by 435,000 shares in the quarter, for a total of 2.11M shares, and has risen its stake in Mondelez Intl Inc (NASDAQ:MDLZ).

Analysts await Embraer S.A. (NYSE:ERJ) to report earnings on October, 29. They expect $0.07 EPS, down 82.93 % or $0.34 from last year’s $0.41 per share. ERJ’s profit will be $12.82M for 69.96 P/E if the $0.07 EPS becomes a reality. After $0.03 actual EPS reported by Embraer S.A. for the previous quarter, Wall Street now forecasts 133.33 % EPS growth.

Another recent and important Embraer S.A. (NYSE:ERJ) news was published by Benzinga.com which published an article titled: “Benzinga’s Top Upgrades, Downgrades For September 26, 2018” on September 26, 2018.

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

Among 5 analysts covering Embraer (NYSE:ERJ), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Embraer had 5 analyst reports since July 9, 2018 according to SRatingsIntel. As per Wednesday, September 26, the company rating was upgraded by Bradesco. Morgan Stanley upgraded Embraer S.A. (NYSE:ERJ) on Thursday, August 16 to “Overweight” rating. The firm has “Outperform” rating given on Tuesday, August 14 by Credit Suisse. The firm has “Buy” rating given on Monday, July 9 by Bank of America.

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

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