Era Group, Inc. (NYSE:ERA) Position Reduced by Prudential Financial Inc.
Prudential Financial Inc. decreased its stake in shares of Era Group, Inc. (NYSE:ERA) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,959 shares of the transportation company’s stock after selling 60 shares during the period. Prudential Financial Inc. owned approximately 0.16% of Era Group worth $437,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans purchased a new position in shares of Era Group during the fourth quarter valued at about $173,000. State of Tennessee Treasury Department raised its position in shares of 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. Metropolitan Life Insurance Co. NY purchased a new position in shares of Era Group during the fourth quarter valued at about $256,000. Comerica Bank raised its position in Era Group by 3.6% in the first quarter. Comerica Bank now owns 21,447 shares of the transportation company’s stock worth $286,000 after buying an additional 740 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Era Group by 11.1% in the first quarter. Great West Life Assurance Co. Can now owns 24,732 shares of the transportation company’s stock worth $328,000 after buying an additional 2,477 shares in the last quarter. Institutional investors own 88.10% of the company’s stock.
Era Group, Inc. (NYSE:ERA) traded up 0.72% on Friday, hitting $8.37. The stock had a trading volume of 81,097 shares. Era Group, Inc. has a 1-year low of $6.92 and a 1-year high of $17.73. The stock has a 50 day moving average price of $9.11 and a 200 day moving average price of $11.16. The company’s market cap is $178.11 million.
Era Group (NYSE:ERA) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. Era Group had a negative net margin of 6.20% and a negative return on equity of 3.13%. The company had revenue of $57.90 million during the quarter, compared to analysts’ expectations of $59 million. During the same quarter in the previous year, the company earned ($0.27) earnings per share. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, equities research analysts expect that Era Group, Inc. will post ($0.75) EPS for the current fiscal year.
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In other Era Group news, SVP Paul T. White sold 24,000 shares of Era Group stock in a transaction on Monday, August 14th. The shares were sold at an average price of $8.54, for a total value of $204,960.00. Following the completion of the transaction, the senior vice president now owns 59,822 shares of the company’s stock, valued at $510,879.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.50% of the stock is currently owned by insiders.
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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