Capstone Asset Management Co. cut its stake in shares of Era Group, Inc. (NYSE:ERA) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,820 shares of the transportation company’s stock after selling 430 shares during the period. Capstone Asset Management Co. owned approximately 0.08% of Era Group worth $210,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Guggenheim Capital LLC increased its position in shares of Era Group by 15.7% in the fourth quarter. Guggenheim Capital LLC now owns 178,940 shares of the transportation company’s stock valued at $3,037,000 after buying an additional 24,253 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Era Group during the fourth quarter valued at $368,000. State Street Corp increased its position in shares of Era Group by 15.8% in the fourth quarter. State Street Corp now owns 429,431 shares of the transportation company’s stock valued at $7,288,000 after buying an additional 58,672 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of Era Group during the fourth quarter valued at $173,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Era Group by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,681,711 shares of the transportation company’s stock valued at $28,539,000 after buying an additional 13,013 shares during the period. Institutional investors and hedge funds own 90.11% of the company’s stock.
Shares of Era Group, Inc. (NYSE ERA) traded down 2.05% on Monday, hitting $8.62. 57,321 shares of the stock traded hands. The stock’s market cap is $183.35 million. The stock has a 50-day moving average price of $10.00 and a 200 day moving average price of $13.08. Era Group, Inc. has a 12-month low of $6.92 and a 12-month high of $17.73.
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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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