Era Group (ERA) Upgraded by TheStreet to C+

Era Group (NYSE:ERA) was upgraded by TheStreet from a “d+” rating to a “c+” rating in a note issued to investors on Wednesday.

Separately, ValuEngine upgraded shares of Era Group from a “hold” rating to a “buy” rating in a report on Thursday, July 26th.

Era Group stock opened at $11.71 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.82. Era Group has a 1-year low of $8.98 and a 1-year high of $14.23.

Era Group (NYSE:ERA) last released its quarterly earnings results on Wednesday, November 7th. The transportation company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.10. The business had revenue of $54.61 million for the quarter. Era Group had a net margin of 35.83% and a negative return on equity of 1.41%.

In other news, SVP Paul T. White sold 3,500 shares of the firm’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $12.15, for a total transaction of $42,525.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 7.72% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in Era Group in the 2nd quarter worth $139,000. United Services Automobile Association raised its holdings in Era Group by 17.5% in the 2nd quarter. United Services Automobile Association now owns 319,364 shares of the transportation company’s stock worth $4,136,000 after acquiring an additional 47,500 shares during the period. Marquette Asset Management LLC bought a new position in Era Group in the 2nd quarter worth $265,000. Gagnon Securities LLC raised its holdings in Era Group by 91.7% in the 2nd quarter. Gagnon Securities LLC now owns 25,009 shares of the transportation company’s stock worth $324,000 after acquiring an additional 11,964 shares during the period. Finally, BlackRock Inc. raised its holdings in Era Group by 8.3% in the 2nd quarter. BlackRock Inc. now owns 2,771,441 shares of the transportation company’s stock worth $35,891,000 after acquiring an additional 213,056 shares during the period. Institutional investors and hedge funds own 84.15% of the company’s stock.

Era Group Company Profile

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; Alaska flightseeing tours; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.

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