Principal Financial Group Inc. increased its stake in shares of Era Group, Inc. (NYSE:ERA) by 4.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 149,135 shares of the transportation company’s stock after buying an additional 6,320 shares during the period. Principal Financial Group Inc. owned about 0.71% of Era Group worth $1,978,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of 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 in the last quarter. Martingale Asset Management L P bought a new stake in shares of Era Group during the first quarter valued at about $1,155,000. State Street Corp boosted its stake in shares of Era Group by 15.8% in the fourth quarter. State Street Corp now owns 429,431 shares of the transportation company’s stock valued at $7,288,000 after buying an additional 58,672 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Era Group during the first quarter valued at about $748,000. Finally, Spark Investment Management LLC boosted its stake in shares of Era Group by 318.3% in the first quarter. Spark Investment Management LLC now owns 52,700 shares of the transportation company’s stock valued at $698,000 after buying an additional 40,100 shares in the last quarter. 89.81% of the stock is owned by institutional investors.
Shares of Era Group, Inc. (ERA) opened at 9.76 on Friday. The stock’s 50 day moving average is $9.08 and its 200 day moving average is $12.23. Era Group, Inc. has a 52 week low of $6.92 and a 52 week high of $17.73. The stock’s market capitalization is $207.60 million.
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About Era Group
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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