Acadian Asset Management LLC reduced its position in Era Group, Inc. (NYSE:ERA) by 45.8% during the second quarter, Holdings Channel reports. The institutional investor owned 74,628 shares of the transportation company’s stock after selling 63,067 shares during the period. Acadian Asset Management LLC’s holdings in Era Group were worth $706,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ERA. Martingale Asset Management L P bought a new stake in shares of Era Group during the first quarter worth $1,155,000. Dimensional Fund Advisors LP boosted its stake in shares of Era Group by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,761,142 shares of the transportation company’s stock worth $23,353,000 after buying an additional 79,431 shares in the last quarter. 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 worth $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 worth $748,000. Finally, Vanguard Group Inc. boosted its stake in shares of Era Group by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,074,308 shares of the transportation company’s stock worth $14,245,000 after buying an additional 44,834 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Shares of Era Group, Inc. (NYSE:ERA) traded down 5.05% during mid-day trading on Friday, hitting $8.46. The company’s stock had a trading volume of 118,224 shares. Era Group, Inc. has a 1-year low of $6.92 and a 1-year high of $17.73. The company has a 50-day moving average price of $9.18 and a 200-day moving average price of $11.44. The stock’s market cap is $180.02 million.

Era Group (NYSE:ERA) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.03. Era Group had a negative net margin of 6.20% and a negative return on equity of 3.13%. The company had revenue of $57.90 million during the quarter, compared to the consensus estimate of $59 million. During the same period in the prior year, the business posted ($0.27) EPS. The company’s quarterly 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.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/acadian-asset-management-llc-has-706000-stake-in-era-group-inc-nyseera/1479040.html.

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.

Want to see what other hedge funds are holding ERA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Era Group, Inc. (NYSE:ERA).

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

Receive News & Ratings for Era Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Era Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.