Principal Financial Group Inc. raised its position in shares of Era Group, Inc. (NYSE:ERA) by 4.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 reporting period.
Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Era Group by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,681,711 shares of the transportation company’s stock worth $28,539,000 after buying an additional 13,013 shares during the last quarter. State Street Corp boosted its stake in Era Group by 15.8% in the fourth quarter. State Street Corp now owns 429,431 shares of the transportation company’s stock worth $7,288,000 after buying an additional 58,672 shares during the last quarter. Bank of New York Mellon Corp boosted 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 worth $4,444,000 after buying an additional 17,948 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Era Group by 15.7% in the fourth quarter. Guggenheim Capital LLC now owns 178,940 shares of the transportation company’s stock worth $3,037,000 after buying an additional 24,253 shares during the last quarter. Finally, Acadian Asset Management LLC boosted 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 worth $1,826,000 after buying an additional 126,139 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Era Group, Inc. (ERA) opened at 8.89 on Thursday. Era Group, Inc. has a 1-year low of $6.92 and a 1-year high of $17.73. The company’s market cap is $189.09 million. The company has a 50-day moving average of $9.15 and a 200-day moving average of $11.77.
Era Group (NYSE:ERA) last released its earnings results on Tuesday, August 8th. The transportation company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.03. Era Group had a negative net margin of 4.09% and a negative return on equity of 2.18%. The firm had revenue of $57.90 million for the quarter, compared to analyst estimates of $59 million. During the same period last year, the firm earned ($0.27) EPS. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. Equities analysts forecast that Era Group, Inc. will post ($0.65) EPS for the current year.
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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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