Wells Fargo & Company MN lowered its stake in shares of Era Group, Inc. (NYSE:ERA) by 64.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,820 shares of the transportation company’s stock after selling 20,976 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Era Group worth $112,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its stake in Era Group by 26.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 89,798 shares of the transportation company’s stock worth $850,000 after purchasing an additional 19,008 shares during the last quarter. Geode Capital Management LLC lifted its stake in Era Group by 3.4% during the first quarter. Geode Capital Management LLC now owns 140,020 shares of the transportation company’s stock worth $1,856,000 after purchasing an additional 4,636 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Era Group by 8.0% during the first quarter. Thrivent Financial For Lutherans now owns 11,020 shares of the transportation company’s stock worth $146,000 after purchasing an additional 820 shares during the last quarter. Vanguard Group Inc. lifted its stake in Era Group by 4.4% during the first quarter. Vanguard Group Inc. now owns 1,074,308 shares of the transportation company’s stock worth $14,245,000 after purchasing an additional 44,834 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Era Group by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 360,645 shares of the transportation company’s stock worth $3,411,000 after purchasing an additional 25,431 shares during the last quarter. 85.76% of the stock is currently owned by institutional investors and hedge funds.

Era Group, Inc. (ERA) traded down $0.24 during midday trading on Tuesday, reaching $10.68. The company’s stock had a trading volume of 87,600 shares, compared to its average volume of 74,589. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.72 and a quick ratio of 2.09. Era Group, Inc. has a 12-month low of $8.00 and a 12-month high of $17.73.

Era Group (NYSE:ERA) last released its earnings results on Thursday, November 9th. The transportation company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.13). Era Group had a negative return on equity of 4.53% and a negative net margin of 41.46%. The business had revenue of $61.39 million for the quarter, compared to the consensus estimate of $60.00 million. During the same quarter in the previous year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.watchlistnews.com/wells-fargo-company-mn-has-112000-position-in-era-group-inc-era/1730981.html.

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.

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.