Royal Bank of Canada Purchases 1,026 Shares of Era Group, Inc. (ERA)

Royal Bank of Canada lifted its position in shares of Era Group, Inc. (NYSE:ERA) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,200 shares of the transportation company’s stock after purchasing an additional 1,026 shares during the period. Royal Bank of Canada owned 0.12% of Era Group worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thrivent Financial For Lutherans increased its stake in shares of Era Group by 8.0% during the first quarter. Thrivent Financial For Lutherans now owns 11,020 shares of the transportation company’s stock worth $146,000 after purchasing an additional 820 shares during the period. Brandywine Global Investment Management LLC increased its stake in shares of Era Group by 1.3% during the second quarter. Brandywine Global Investment Management LLC now owns 11,515 shares of the transportation company’s stock worth $109,000 after purchasing an additional 145 shares during the period. Voya Investment Management LLC increased its stake in shares of Era Group by 20.6% during the second quarter. Voya Investment Management LLC now owns 14,054 shares of the transportation company’s stock worth $133,000 after purchasing an additional 2,397 shares during the period. Texas Permanent School Fund increased its stake in shares of Era Group by 2.7% during the second quarter. Texas Permanent School Fund now owns 14,442 shares of the transportation company’s stock worth $137,000 after purchasing an additional 383 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in shares of Era Group by 44.7% during the first quarter. OppenheimerFunds Inc. now owns 16,668 shares of the transportation company’s stock worth $221,000 after purchasing an additional 5,149 shares during the period. Institutional investors own 85.02% of the company’s stock.

Era Group, Inc. (ERA) opened at $10.95 on Wednesday. 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. has a 52 week low of $8.00 and a 52 week high of $17.73.

Era Group (NYSE:ERA) last announced its earnings results on Thursday, November 9th. The transportation company reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.13). Era Group had a negative return on equity of 4.53% and a negative net margin of 41.46%. The firm had revenue of $61.39 million for the quarter, compared to the consensus estimate of $60.00 million. During the same quarter last year, the business posted $0.03 EPS. Era Group’s revenue for the quarter was down 5.6% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: “Royal Bank of Canada Purchases 1,026 Shares of Era Group, Inc. (ERA)” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.com-unik.info/2017/11/22/royal-bank-of-canada-purchases-1026-shares-of-era-group-inc-era.html.

Era Group 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.

Institutional Ownership by Quarter for Era Group (NYSE:ERA)

Receive News & Ratings for Era Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Era Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit