Prudential Financial Inc. Has $308,000 Holdings in Era Group, Inc. (ERA)

Prudential Financial Inc. trimmed its position in shares of Era Group, Inc. (NYSE:ERA) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,509 shares of the transportation company’s stock after selling 450 shares during the quarter. Prudential Financial Inc. owned 0.15% of Era Group worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in Era Group by 1.0% during the 1st quarter. Arizona State Retirement System now owns 10,141 shares of the transportation company’s stock worth $134,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Era Group by 2.7% during the 2nd quarter. Texas Permanent School Fund now owns 14,442 shares of the transportation company’s stock worth $137,000 after acquiring an additional 383 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in Era Group by 8.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 11,020 shares of the transportation company’s stock worth $146,000 after acquiring an additional 820 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Era Group by 44.7% during the 1st quarter. OppenheimerFunds Inc. now owns 16,668 shares of the transportation company’s stock worth $221,000 after acquiring an additional 5,149 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in Era Group by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 18,213 shares of the transportation company’s stock worth $242,000 after acquiring an additional 2,749 shares during the last quarter. 86.80% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Paul T. White sold 24,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $8.54, for a total transaction of $204,960.00. Following the sale, the senior vice president now directly owns 59,822 shares of the company’s stock, valued at $510,879.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.88% of the stock is owned by company insiders.

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Era Group, Inc. (ERA) opened at 10.71 on Friday. Era Group, Inc. has a 12-month low of $7.22 and a 12-month high of $17.73. The stock’s market capitalization is $227.90 million. The firm’s 50-day moving average is $10.48 and its 200-day moving average is $10.26.

Era Group (NYSE:ERA) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.03. Era Group had a negative return on equity of 3.10% and a negative net margin of 6.21%. The firm had revenue of $57.90 million during the quarter, compared to the consensus estimate of $59.00 million. During the same period last year, the company earned ($0.27) earnings per share. The company’s revenue was down 8.7% on a year-over-year basis. Analysts predict that Era Group, Inc. will post ($0.75) EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Era Group (NYSE:ERA)

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