OxFORD Asset Management LLP decreased its stake in shares of Era Group, Inc. (NYSE:ERA) by 23.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,618 shares of the transportation company’s stock after selling 22,093 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.33% of Era Group worth $668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ERA. Great West Life Assurance Co. Can increased its holdings in Era Group by 11.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 24,732 shares of the transportation company’s stock worth $328,000 after purchasing an additional 2,477 shares during the period. Bank of New York Mellon Corp increased its holdings in Era Group by 5.7% during the 1st quarter. Bank of New York Mellon Corp now owns 335,214 shares of the transportation company’s stock worth $4,444,000 after purchasing an additional 17,948 shares during the period. Comerica Bank increased its holdings in Era Group by 3.6% during the 1st quarter. Comerica Bank now owns 21,447 shares of the transportation company’s stock worth $286,000 after purchasing an additional 740 shares during the period. Ameriprise Financial Inc. increased its holdings in Era Group by 5.7% during the 1st quarter. Ameriprise Financial Inc. now owns 119,994 shares of the transportation company’s stock worth $1,592,000 after purchasing an additional 6,445 shares during the period. Finally, State of Tennessee Treasury Department increased 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 purchasing an additional 2,749 shares during the period. Institutional investors own 86.80% of the company’s stock.

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In other Era Group news, SVP Paul T. White sold 24,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $8.54, for a total transaction of $204,960.00. Following the transaction, the senior vice president now owns 59,822 shares in the company, valued at $510,879.88. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.88% of the company’s stock.

Shares of Era Group, Inc. (NYSE:ERA) opened at 10.42 on Tuesday. The stock’s market cap is $221.73 million. The firm’s 50-day moving average price is $10.57 and its 200 day moving average price is $10.23. Era Group, Inc. has a one year low of $7.22 and a one year high of $17.73.

Era Group (NYSE:ERA) last issued 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. The company had revenue of $57.90 million for the quarter, compared to analysts’ expectations of $59.00 million. Era Group had a negative return on equity of 3.10% and a negative net margin of 6.21%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. Equities research analysts expect 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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