Goldman Sachs Group Inc. Has $842,000 Stake in Era Group, Inc. (ERA)
Goldman Sachs Group Inc. raised its position in Era Group, Inc. (NYSE:ERA) by 57.6% during the first quarter, Holdings Channel reports. The fund owned 63,499 shares of the transportation company’s stock after buying an additional 23,217 shares during the period. Goldman Sachs Group Inc.’s holdings in Era Group were worth $842,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in ERA. Arizona State Retirement System boosted its position in Era Group by 1.0% in the first quarter. Arizona State Retirement System now owns 10,141 shares of the transportation company’s stock worth $134,000 after buying an additional 100 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Era Group by 8.0% in the first quarter. Thrivent Financial For Lutherans now owns 11,020 shares of the transportation company’s stock worth $146,000 after buying an additional 820 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Era Group by 44.7% in the first quarter. OppenheimerFunds Inc. now owns 16,668 shares of the transportation company’s stock worth $221,000 after buying an additional 5,149 shares during the last quarter. State of Tennessee Treasury Department boosted its position in Era Group by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 18,213 shares of the transportation company’s stock worth $242,000 after buying an additional 2,749 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in Era Group during the fourth quarter worth $256,000. 88.10% of the stock is owned by institutional investors.
Era Group, Inc. (NYSE:ERA) traded down 2.23% during trading on Tuesday, reaching $8.33. The company had a trading volume of 6,650 shares. The stock’s market capitalization is $177.25 million. The firm has a 50-day moving average of $9.18 and a 200-day moving average of $11.31. Era Group, Inc. has a 1-year low of $6.92 and a 1-year high of $17.73.
Era Group (NYSE:ERA) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.13) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.03. Era Group had a negative return on equity of 3.13% and a negative net margin of 6.20%. The firm had revenue of $57.90 million for the quarter, compared to analyst estimates of $59 million. During the same quarter last year, the company posted ($0.27) earnings per share. The business’s revenue was down 8.7% on a year-over-year basis. On average, analysts anticipate that Era Group, Inc. will post ($0.75) EPS for the current fiscal year.
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In other Era Group news, SVP Paul T. White sold 24,000 shares of Era Group stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $8.54, for a total value of $204,960.00. Following the sale, the senior vice president now owns 59,822 shares of the company’s stock, valued at approximately $510,879.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.50% of the stock is currently owned by insiders.
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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