TheStreet upgraded shares of Era Group (NYSE:ERA) from a d+ rating to a c+ rating in a research note released on Wednesday.
Separately, ValuEngine upgraded shares of Era Group from a hold rating to a buy rating in a research note on Thursday, July 26th.
Shares of NYSE ERA opened at $11.34 on Wednesday. Era Group has a 1 year low of $8.98 and a 1 year high of $14.23. 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 (NYSE:ERA) last released its quarterly earnings data 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 during 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 Era Group stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $12.15, for a total value of $42,525.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.72% of the company’s stock.
Several hedge funds have recently made changes to their positions in ERA. JPMorgan Chase & Co. grew its stake in shares of Era Group by 11.4% in the first quarter. JPMorgan Chase & Co. now owns 45,420 shares of the transportation company’s stock worth $425,000 after acquiring an additional 4,638 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Era Group by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,799,408 shares of the transportation company’s stock worth $16,824,000 after acquiring an additional 57,118 shares during the period. Millennium Management LLC grew its stake in shares of Era Group by 219.4% in the first quarter. Millennium Management LLC now owns 115,836 shares of the transportation company’s stock worth $1,083,000 after acquiring an additional 79,565 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Era Group in the second quarter worth approximately $324,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Era Group in the second quarter worth approximately $265,000. Hedge funds and other institutional investors 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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