Van Den Berg Management I Inc. trimmed its position in Era Group Inc (NYSE:ERA) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,446,703 shares of the transportation company’s stock after selling 52,993 shares during the period. Era Group comprises 1.7% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its 21st largest holding. Van Den Berg Management I Inc. owned 0.07% of Era Group worth $15,552,000 as of its most recent filing with the Securities and Exchange Commission.
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 bought a new stake in Era Group in the fourth quarter valued at $131,000. Voya Investment Management LLC grew its position in 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 acquiring an additional 2,397 shares during the period. Macquarie Group Ltd. bought a new stake in Era Group in the third quarter valued at $163,000. Finally, The Manufacturers Life Insurance Company grew its position in 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 acquiring an additional 2,635 shares during the period. 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 trading hours on Monday, reaching $9.51. The company’s stock had a trading volume of 8,719 shares, compared to its average volume of 57,615. Era Group Inc has a 52-week low of $8.00 and a 52-week high of $13.83. The company has a current ratio of 2.72, a quick ratio of 2.09 and a debt-to-equity ratio of 0.56.
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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