California Public Employees Retirement System cut its stake in shares of Era Group, Inc. (NYSE:ERA) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,500 shares of the transportation company’s stock after selling 12,100 shares during the period. California Public Employees Retirement System’s holdings in Era Group were worth $1,916,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ERA. Arizona State Retirement System increased its position in Era Group by 1.0% in the first quarter. Arizona State Retirement System now owns 10,141 shares of the transportation company’s stock valued at $134,000 after buying an additional 100 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in Era Group during the fourth quarter valued at $173,000. Metropolitan Life Insurance Co. NY purchased a new position in Era Group during the fourth quarter valued at $256,000. OppenheimerFunds Inc. increased its position in Era Group by 44.7% in the first quarter. OppenheimerFunds Inc. now owns 16,668 shares of the transportation company’s stock valued at $221,000 after buying an additional 5,149 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its position in Era Group by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 18,213 shares of the transportation company’s stock valued at $242,000 after buying an additional 2,749 shares during the last quarter. 88.50% of the stock is owned by hedge funds and other institutional investors.

Era Group, Inc. (NYSE:ERA) opened at 8.76 on Tuesday. Era Group, Inc. has a 1-year low of $6.92 and a 1-year high of $17.73. The stock’s market capitalization is $186.33 million. The company has a 50-day moving average price of $9.17 and a 200 day moving average price of $11.82.

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Era Group Company Profile

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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Institutional Ownership by Quarter for Era Group (NYSE:ERA)

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