Paul T. White Sells 24,000 Shares of Era Group, Inc. (NYSE:ERA) Stock
Era Group, Inc. (NYSE:ERA) SVP Paul T. White sold 24,000 shares of Era Group stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $8.54, for a total transaction of $204,960.00. Following the sale, the senior vice president now owns 59,822 shares in the company, valued at approximately $510,879.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Era Group, Inc. (ERA) traded up 0.71% during mid-day trading on Monday, hitting $8.52. 73,386 shares of the stock were exchanged. Era Group, Inc. has a 52 week low of $6.92 and a 52 week high of $17.73. The company has a 50 day moving average price of $9.18 and a 200 day moving average price of $11.31. The stock’s market cap is $181.30 million.
Era Group (NYSE:ERA) last posted its earnings results on Tuesday, August 8th. The transportation company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. Era Group had a negative return on equity of 3.13% and a negative net margin of 6.20%. The firm had revenue of $57.90 million during the quarter, compared to analyst estimates of $59 million. During the same period in the previous year, the company earned ($0.27) EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. Analysts expect that Era Group, Inc. will post ($0.75) EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Era Group by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,785,811 shares of the transportation company’s stock valued at $16,894,000 after buying an additional 24,669 shares during the period. Senvest Management LLC raised its stake in Era Group by 1.0% in the second quarter. Senvest Management LLC now owns 1,497,103 shares of the transportation company’s stock valued at $14,163,000 after buying an additional 14,179 shares during the period. Royce & Associates LP raised its stake in Era Group by 5.1% in the second quarter. Royce & Associates LP now owns 1,229,820 shares of the transportation company’s stock valued at $11,634,000 after buying an additional 60,000 shares during the period. Vanguard Group Inc. raised its position in shares of Era Group by 4.4% in the second quarter. Vanguard Group Inc. now owns 1,121,681 shares of the transportation company’s stock worth $10,612,000 after buying an additional 47,373 shares during the period. Finally, State Street Corp raised its position in shares of Era Group by 2.2% in the second quarter. State Street Corp now owns 429,447 shares of the transportation company’s stock worth $4,063,000 after buying an additional 9,194 shares during the period. Hedge funds and other institutional investors own 88.10% 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.
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