Thomson Horstmann & Bryant Inc. Sells 5,352 Shares of Era Group Inc (ERA)

Thomson Horstmann & Bryant Inc. lowered its stake in Era Group Inc (NYSE:ERA) by 15.0% during the third quarter, Holdings Channel reports. The fund owned 30,214 shares of the transportation company’s stock after selling 5,352 shares during the period. Thomson Horstmann & Bryant Inc.’s holdings in Era Group were worth $373,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ERA. MetLife Investment Advisors LLC acquired a new position in Era Group during the second quarter worth approximately $139,000. SG Americas Securities LLC acquired a new position in Era Group during the second quarter worth approximately $189,000. Bank of America Corp DE increased its position in Era Group by 52.9% during the second quarter. Bank of America Corp DE now owns 23,361 shares of the transportation company’s stock worth $302,000 after buying an additional 8,083 shares during the last quarter. Gagnon Securities LLC increased its position in Era Group by 91.7% during the second quarter. Gagnon Securities LLC now owns 25,009 shares of the transportation company’s stock worth $324,000 after buying an additional 11,964 shares during the last quarter. Finally, Millennium Management LLC increased its position in Era Group by 219.4% during the first quarter. Millennium Management LLC now owns 115,836 shares of the transportation company’s stock worth $1,083,000 after buying an additional 79,565 shares during the last quarter. 85.03% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Paul T. White sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $12.15, for a total transaction of $42,525.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Grant D. Newman acquired 2,500 shares of Era Group stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average price of $10.84 per share, with a total value of $27,100.00. Following the acquisition, the senior vice president now owns 25,000 shares of the company’s stock, valued at $271,000. The disclosure for this purchase can be found here. Insiders own 7.72% of the company’s stock.

A number of equities analysts have weighed in on the company. ValuEngine raised Era Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. TheStreet raised Era Group from a “d+” rating to a “c+” rating in a research report on Wednesday, November 7th.

Shares of NYSE ERA opened at $10.96 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.60 and a quick ratio of 2.97. Era Group Inc has a twelve month low of $8.98 and a twelve month high of $14.23.

Era Group (NYSE:ERA) last announced its quarterly earnings results on Wednesday, November 7th. The transportation company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.10. Era Group had a negative return on equity of 1.39% and a net margin of 35.83%. The firm had revenue of $54.61 million for the quarter.

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About Era Group

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.

Further Reading: What is a bull market?

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

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