Thomson Horstmann & Bryant Inc. cut its stake in shares of Era Group Inc (NYSE:ERA) by 11.8% during the first quarter, Holdings Channel reports. The institutional investor owned 866,607 shares of the transportation company’s stock after selling 115,608 shares during the period. Era Group makes up approximately 1.4% of Thomson Horstmann & Bryant Inc.’s portfolio, making the stock its 14th largest position. Thomson Horstmann & Bryant Inc. owned about 4.14% of Era Group worth $11,491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Menta Capital LLC increased its stake in shares of Era Group by 10.1% in the fourth quarter. Menta Capital LLC now owns 67,125 shares of the transportation company’s stock worth $1,139,000 after buying an additional 6,134 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Era Group during the fourth quarter worth about $368,000. Dimensional Fund Advisors LP increased its stake in shares of Era Group by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,681,711 shares of the transportation company’s stock worth $28,539,000 after buying an additional 13,013 shares during the period. Oxford Asset Management increased its stake in shares of Era Group by 26.3% in the fourth quarter. Oxford Asset Management now owns 85,280 shares of the transportation company’s stock worth $1,447,000 after buying an additional 17,747 shares during the period. Finally, State Street Corp increased 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 during the period. 89.50% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Era Group Inc (NYSE:ERA) traded up 1.78% during mid-day trading on Thursday, hitting $13.17. The company’s stock had a trading volume of 59,610 shares. The company’s market cap is $275.69 million. The stock has a 50-day moving average of $12.62 and a 200-day moving average of $12.67. Era Group Inc has a 12-month low of $6.92 and a 12-month high of $17.73.

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In related news, SVP Paul T. White sold 2,737 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $11.72, for a total value of $32,077.64. Following the completion of the transaction, the senior vice president now directly owns 71,822 shares in the company, valued at $841,753.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Lewis Puhala sold 2,168 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $11.77, for a total value of $25,517.36. Following the completion of the transaction, the chief financial officer now owns 51,734 shares of the company’s stock, valued at $608,909.18. The disclosure for this sale can be found here. Insiders sold 43,813 shares of company stock valued at $514,670 over the last quarter. Insiders own 7.50% of the company’s stock.

Era Group Company 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.

5 Day Chart for NYSE:ERA

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