Era Group, Inc. (ERA) Stake Held by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY maintained its position in shares of Era Group, Inc. (NYSE:ERA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,064 shares of the transportation company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned about 0.07% of Era Group worth $200,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in Era Group by 1,091.5% in the first quarter. Acadian Asset Management LLC now owns 137,695 shares of the transportation company’s stock valued at $1,826,000 after buying an additional 126,139 shares during the period. Renaissance Technologies LLC bought a new stake in Era Group during the fourth quarter valued at about $368,000. Bank of New York Mellon Corp increased its stake in Era Group by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 335,214 shares of the transportation company’s stock valued at $4,444,000 after buying an additional 17,948 shares during the period. Thrivent Financial For Lutherans increased its stake 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 valued at $146,000 after buying an additional 820 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake 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 valued at $328,000 after buying an additional 2,477 shares during the period. Hedge funds and other institutional investors own 86.80% of the company’s stock.
Era Group, Inc. (ERA) traded down 0.56% during mid-day trading on Thursday, hitting $8.91. The stock had a trading volume of 12,310 shares. Era Group, Inc. has a 52 week low of $6.92 and a 52 week high of $17.73. The company’s market capitalization is $189.60 million. The stock’s 50-day moving average is $9.02 and its 200 day moving average is $10.92.
Era Group (NYSE:ERA) last released its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. The company had revenue of $57.90 million during the quarter, compared to the consensus estimate of $59 million. Era Group had a negative net margin of 6.20% and a negative return on equity of 3.13%. Era Group’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the firm earned ($0.27) EPS. Equities analysts forecast that Era Group, Inc. will post ($0.75) earnings per share for the current fiscal year.
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In related news, SVP Paul T. White sold 24,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 59,822 shares of the company’s stock, valued at approximately $510,879.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.50% of the stock is currently owned by company 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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