South Dakota Investment Council Holds Stake in Era Group, Inc. (ERA)
South Dakota Investment Council maintained its position in Era Group, Inc. (NYSE:ERA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,000 shares of the transportation company’s stock at the end of the second quarter. South Dakota Investment Council owned about 0.28% of Era Group worth $568,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Era Group by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,761,142 shares of the transportation company’s stock worth $23,353,000 after acquiring an additional 79,431 shares during the period. Royce & Associates LP boosted its stake in shares of Era Group by 5.1% during the 2nd quarter. Royce & Associates LP now owns 1,229,820 shares of the transportation company’s stock valued at $11,634,000 after buying an additional 60,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Era Group by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 1,074,308 shares of the transportation company’s stock valued at $14,245,000 after buying an additional 44,834 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Era Group by 7.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 360,645 shares of the transportation company’s stock valued at $3,411,000 after buying an additional 25,431 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Era Group by 1.9% during the 2nd quarter. Principal Financial Group Inc. now owns 152,004 shares of the transportation company’s stock valued at $1,438,000 after buying an additional 2,869 shares during the last quarter. Hedge funds and other institutional investors own 86.80% of the company’s stock.
Era Group, Inc. (NYSE:ERA) opened at 10.48 on Friday. Era Group, Inc. has a 1-year low of $7.12 and a 1-year high of $17.73. The stock’s 50 day moving average price is $9.16 and its 200 day moving average price is $10.44. The stock’s market capitalization is $223.00 million.
Era Group (NYSE:ERA) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $57.90 million for the quarter, compared to analyst estimates of $59.00 million. During the same quarter last year, the firm earned ($0.27) EPS. Era Group’s revenue for the quarter was down 8.7% compared to the same quarter last year. Equities research analysts forecast that Era Group, Inc. will post ($0.75) earnings per share for the current year.
In related news, SVP Paul T. White sold 24,000 shares of the business’s stock in a transaction 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 legal filing with the SEC, which is available through this link. 7.50% of the stock is currently owned by company insiders.
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Era Group Profile
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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