Era Group Inc. (ERA) Sees Strong Trading Volume
Era Group Inc. (NYSE:ERA) shares saw an uptick in trading volume on Friday . 183,782 shares were traded during mid-day trading, an increase of 149% from the previous session’s volume of 73,719 shares.The stock last traded at $8.78 and had previously closed at $8.78.
Separately, TheStreet cut Era Group from a “hold” rating to a “sell” rating in a research note on Friday, May 6th.
The firm’s 50 day moving average is $9.72 and its 200 day moving average is $9.41. The company has a market capitalization of $183.32 million and a P/E ratio of 37.84.
Other large investors have bought and sold shares of the company. 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 valued at $10,161,000 after buying an additional 254,335 shares in the last quarter. 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 valued at $1,865,000 after buying an additional 43,797 shares in the last quarter. Finally, 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 valued at $2,046,000 after buying an additional 16,150 shares in the last quarter.
Era Group Inc is engaged in operating helicopters. The Company’s helicopters transport personnel to, from and between offshore oil and gas production platforms, drilling rigs and other installations. The Company also dry-leases helicopters to third-party helicopter operators and foreign affiliates. The primary users of the Company’s helicopter services are international, integrated and independent oil and gas exploration, development and production companies.
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