Perennial Advisors LLC bought a new position in Era Group Inc (NYSE:ERA) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 21,767 shares of the transportation company’s stock, valued at approximately $251,000. Perennial Advisors LLC owned approximately 0.10% of Era Group at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in Era Group by 513.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,225 shares of the transportation company’s stock worth $49,000 after buying an additional 3,536 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Era Group during the fourth quarter valued at approximately $51,000. Acadian Asset Management LLC purchased a new stake in shares of Era Group during the fourth quarter valued at approximately $54,000. Oregon Public Employees Retirement Fund purchased a new stake in shares of Era Group during the fourth quarter valued at approximately $68,000. Finally, Simplex Trading LLC purchased a new stake in shares of Era Group during the fourth quarter valued at approximately $76,000. 87.42% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:ERA traded up $0.03 during trading on Friday, reaching $7.85. 70,000 shares of the company traded hands, compared to its average volume of 90,239. Era Group Inc has a 52-week low of $7.67 and a 52-week high of $14.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.81 and a quick ratio of 3.14.
Era Group (NYSE:ERA) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). Era Group had a negative return on equity of 1.85% and a net margin of 4.25%. The firm had revenue of $51.29 million during the quarter.
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Era Group Company 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; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.
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