Era Group Inc (NYSE:ERA) CFO Andrew Lewis Puhala sold 2,168 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $11.77, for a total value of $25,517.36. Following the sale, the chief financial officer now owns 51,734 shares of the company’s stock, valued at approximately $608,909.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Era Group Inc (NYSE:ERA) opened at 13.09 on Monday. The stock’s 50 day moving average price is $13.49 and its 200 day moving average price is $11.94. Era Group Inc has a 1-year low of $6.92 and a 1-year high of $17.73. The stock’s market cap is $274.01 million.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RBF Capital LLC bought a new position in Era Group during the third quarter worth about $100,000. Anchor Capital Advisors LLC raised its position in Era Group by 2.4% in the third quarter. Anchor Capital Advisors LLC now owns 20,236 shares of the company’s stock worth $163,000 after buying an additional 478 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Era Group during the fourth quarter valued at $173,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Era Group during the fourth quarter valued at $256,000. Finally, Analytic Investors LLC increased its stake in shares of Era Group by 31.8% in the third quarter. Analytic Investors LLC now owns 32,220 shares of the company’s stock valued at $259,000 after buying an additional 7,782 shares during the last quarter. Institutional investors and hedge funds own 89.50% of the company’s stock.
About Era Group
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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