Dimensional Fund Advisors LP lowered its position in Era Group Inc (NYSE:ERA) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,779,465 shares of the transportation company’s stock after selling 26,407 shares during the quarter. Dimensional Fund Advisors LP owned 8.18% of Era Group worth $21,976,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. lifted its position in Era Group by 7.1% during the third quarter. BlackRock Inc. now owns 2,967,868 shares of the transportation company’s stock valued at $36,653,000 after purchasing an additional 196,427 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Era Group by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 250,741 shares of the transportation company’s stock valued at $3,096,000 after purchasing an additional 15,488 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Era Group by 111.4% during the third quarter. Wedge Capital Management L L P NC now owns 134,176 shares of the transportation company’s stock valued at $1,657,000 after purchasing an additional 70,720 shares during the last quarter. United Services Automobile Association lifted its position in Era Group by 17.5% during the second quarter. United Services Automobile Association now owns 319,364 shares of the transportation company’s stock valued at $4,136,000 after purchasing an additional 47,500 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Era Group by 3.5% during the second quarter. Northern Trust Corp now owns 242,448 shares of the transportation company’s stock valued at $3,140,000 after purchasing an additional 8,299 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Several equities analysts have commented on the stock. TheStreet upgraded shares of Era Group from a “d+” rating to a “c+” rating in a research report on Wednesday, November 7th. ValuEngine lowered shares of Era Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd.

Era Group stock opened at $10.05 on Friday. The company has a current ratio of 3.60, a quick ratio of 2.97 and a debt-to-equity ratio of 0.34. Era Group Inc has a 12-month low of $8.11 and a 12-month high of $14.23.

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

In other news, SVP Grant D. Newman bought 2,500 shares of the stock in a transaction dated Tuesday, November 13th. The stock was purchased at an average price of $10.84 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.72% of the stock is currently owned by company insiders.

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Era Group 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.

Further Reading: What is intrinsic value?

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

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