Era Group Inc. (ERA) Trading Up 11.6%
Era Group Inc. (NYSE:ERA)’s share price was up 11.6% during trading on Tuesday . The stock traded as high as $10.28 and last traded at $10.21, with a volume of 61,353 shares. The stock had previously closed at $9.15.
Separately, TheStreet lowered shares of Era Group from a “hold” rating to a “sell” rating in a research report on Friday, May 6th.
The stock has a market capitalization of $212.55 million and a price-to-earnings ratio of 43.88. The company has a 50-day moving average of $10.00 and a 200-day moving average of $9.52.
A number of institutional investors recently modified their holdings of the company. First Trust Advisors LP boosted its position in shares of 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. Eii Capital Management Inc. boosted its position in shares of 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. Royce & Associates LLC boosted its position in shares of 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. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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.
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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