Era Group Inc. (NYSE:ERA) shares fell 5.5% during mid-day trading on Monday . The stock traded as low as $8.25 and last traded at $8.30, with a volume of 93,636 shares changing hands. The stock had previously closed at $8.78.

Separately, TheStreet downgraded Era Group from a “hold” rating to a “sell” rating in a research note on Friday, May 6th.

The stock has a market capitalization of $173.30 million and a price-to-earnings ratio of 35.78. The firm’s 50 day moving average price is $9.64 and its 200-day moving average price is $9.42.

Other large investors recently bought and sold shares of the company. 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 during the last quarter. 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 during 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 during 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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