Van Den Berg Management I Inc. trimmed its position in Era Group Inc (NYSE:ERA) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,446,703 shares of the transportation company’s stock after selling 52,993 shares during the quarter. Era Group accounts for 1.7% of Van Den Berg Management I Inc.’s portfolio, making the stock its 21st largest position. Van Den Berg Management I Inc. owned about 6.78% of Era Group worth $15,552,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of ERA. Everence Capital Management Inc. acquired a new position in shares of Era Group in the fourth quarter valued at $108,000. SG Americas Securities LLC acquired a new position in shares of Era Group in the fourth quarter valued at $131,000. Voya Investment Management LLC raised its stake in shares of Era Group by 20.6% in the second quarter. Voya Investment Management LLC now owns 14,054 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 2,397 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Era Group in the third quarter valued at $163,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Era Group by 15.8% in the second quarter. The Manufacturers Life Insurance Company now owns 19,307 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 2,635 shares in the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.
Shares of Era Group Inc (NYSE:ERA) traded down $0.01 during midday trading on Monday, hitting $9.51. The company had a trading volume of 8,719 shares, compared to its average volume of 57,615. 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 twelve month low of $8.00 and a twelve month high of $13.83.
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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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