Senvest Management LLC increased its holdings in Era Group, Inc. (NYSE:ERA) by 1.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,497,103 shares of the transportation company’s stock after buying an additional 14,179 shares during the period. Era Group comprises approximately 1.1% of Senvest Management LLC’s investment portfolio, making the stock its 29th biggest holding. Senvest Management LLC owned about 7.04% of Era Group worth $14,163,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Arizona State Retirement System grew its holdings 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 worth $134,000 after purchasing an additional 100 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in Era Group by 8.0% in the first quarter. Thrivent Financial For Lutherans now owns 11,020 shares of the transportation company’s stock worth $146,000 after purchasing an additional 820 shares during the last quarter. Texas Permanent School Fund grew its holdings in Era Group by 2.7% in the second quarter. Texas Permanent School Fund now owns 14,442 shares of the transportation company’s stock worth $137,000 after purchasing an additional 383 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in Era Group by 44.7% in the first quarter. OppenheimerFunds Inc. now owns 16,668 shares of the transportation company’s stock worth $221,000 after purchasing an additional 5,149 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its holdings 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 worth $242,000 after purchasing an additional 2,749 shares during the last quarter. 86.80% of the stock is owned by institutional investors.

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In other Era Group news, SVP Paul T. White sold 24,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $8.54, for a total transaction of $204,960.00. Following the sale, the senior vice president now directly owns 59,822 shares in the company, valued at approximately $510,879.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.88% of the stock is owned by corporate insiders.

Era Group (NYSE:ERA) last released its earnings results on Tuesday, August 8th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.03. The company had revenue of $57.90 million for the quarter, compared to analyst estimates of $59.00 million. Era Group had a negative net margin of 6.21% and a negative return on equity of 3.10%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.27) EPS.

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.

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

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