BlackRock Inc. increased its holdings in shares of Era Group Inc (NYSE:ERA) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,620,383 shares of the transportation company’s stock after buying an additional 155,137 shares during the period. BlackRock Inc. owned about 0.12% of Era Group worth $28,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ERA. The Manufacturers Life Insurance Company lifted its position in shares of Era Group by 15.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,307 shares of the transportation company’s stock valued at $183,000 after buying an additional 2,635 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Era Group during the 3rd quarter valued at approximately $163,000. JPMorgan Chase & Co. lifted its holdings in Era Group by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,090 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 6,792 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Era Group by 69.7% in the 3rd quarter. Wells Fargo & Company MN now owns 20,055 shares of the transportation company’s stock valued at $224,000 after purchasing an additional 8,235 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Era Group by 8.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 97,355 shares of the transportation company’s stock valued at $1,090,000 after purchasing an additional 7,557 shares in the last quarter. Hedge funds and other institutional investors own 85.31% of the company’s stock.
Shares of ERA stock opened at $9.59 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.55 and a quick ratio of 1.89. Era Group Inc has a fifty-two week low of $8.00 and a fifty-two week high of $13.83.
In other Era Group news, SVP Paul T. White sold 16,367 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $9.65, for a total value of $157,941.55. Following the transaction, the senior vice president now owns 124,619 shares in the company, valued at approximately $1,202,573.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher Scott Bradshaw sold 6,090 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $9.31, for a total value of $56,697.90. The disclosure for this sale can be found here. Insiders sold a total of 42,371 shares of company stock worth $405,250 in the last 90 days. 7.88% of the stock is currently owned by insiders.
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Era Group Profile
Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; Alaska flightseeing tours; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.
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