Era Group Inc. (NYSE:ERA) saw strong trading volume on Friday . 142,368 shares traded hands during trading, an increase of 34% from the previous session’s volume of 106,046 shares.The stock last traded at $9.33 and had previously closed at $8.94.

Separately, TheStreet lowered shares of Era Group from a “hold” rating to a “sell” rating in a report on Friday, May 6th.

The firm has a market capitalization of $194.80 million and a P/E ratio of 40.22. The stock’s 50-day moving average price is $10.00 and its 200-day moving average price is $9.56.

A number of large investors have added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Era Group by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 126,822 shares of the company’s stock worth $1,414,000 after buying an additional 4,992 shares during the period. Eii Capital Management Inc. raised its stake in Era Group by 9.6% in the fourth quarter. Eii Capital Management Inc. now owns 183,530 shares of the company’s stock worth $2,046,000 after buying an additional 16,150 shares during the period. Dimensional Fund Advisors LP raised its stake in Era Group by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,568,967 shares of the company’s stock worth $17,494,000 after buying an additional 27,148 shares during the period. First Trust Advisors LP raised its stake in Era Group by 35.5% in the fourth quarter. First Trust Advisors LP now owns 167,244 shares of the company’s stock worth $1,865,000 after buying an additional 43,797 shares during the period. Finally, Royce & Associates LLC raised its stake in Era Group by 38.7% in the fourth quarter. Royce & Associates LLC now owns 911,275 shares of the company’s stock worth $10,161,000 after buying an additional 254,335 shares during the period.

Era Group Inc is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore installations, drilling rigs and platforms. The Company also dry-leases helicopters and offers related services to third-party helicopter operators and foreign affiliates. The primary users of the Company’s helicopter services are international, major integrated and independent oil and gas exploration, development and production companies.

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