Shares of Era Group Inc. (NYSE:ERA) saw an uptick in trading volume on Friday . 142,368 shares were traded during mid-day 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 cut Era Group from a “hold” rating to a “sell” rating in a research note on Friday, May 6th.

The firm has a 50 day moving average of $10.00 and a 200-day moving average of $9.56. The firm has a market capitalization of $194.80 million and a PE ratio of 40.22.

Other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position 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 valued at $17,494,000 after buying an additional 27,148 shares in the last quarter. Eii Capital Management Inc. boosted its position in Era Group by 9.6% in the fourth quarter. Eii Capital Management Inc. now owns 183,530 shares of the company’s stock valued at $2,046,000 after buying an additional 16,150 shares in the last quarter. Royce & Associates LLC boosted its position in Era Group by 38.7% in the fourth quarter. Royce & Associates LLC now owns 911,275 shares of the company’s stock valued at $10,161,000 after buying an additional 254,335 shares in the last quarter. Principal Financial Group Inc. boosted its position in Era Group by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 126,822 shares of the company’s stock valued at $1,414,000 after buying an additional 4,992 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Era Group by 35.5% in the fourth quarter. First Trust Advisors LP now owns 167,244 shares of the company’s stock valued at $1,865,000 after buying an additional 43,797 shares in the last quarter.

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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