Era Group (ERA) Lowered to D+ at TheStreet

TheStreet cut shares of Era Group (NYSE:ERA) from a c rating to a d+ rating in a research note released on Thursday, TheStreetRatingsTable reports.

NYSE:ERA opened at $7.85 on Thursday. Era Group has a fifty-two week low of $7.67 and a fifty-two week high of $14.23. The company has a current ratio of 3.81, a quick ratio of 3.14 and a debt-to-equity ratio of 0.36.

Era Group (NYSE:ERA) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.12). Era Group had a net margin of 4.25% and a negative return on equity of 1.85%. The company had revenue of $51.29 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in ERA. Bank of New York Mellon Corp increased its stake in Era Group by 6.6% in the third quarter. Bank of New York Mellon Corp now owns 250,741 shares of the transportation company’s stock worth $3,096,000 after purchasing an additional 15,488 shares during the period. Morgan Stanley increased its stake in Era Group by 213.4% in the third quarter. Morgan Stanley now owns 402,606 shares of the transportation company’s stock worth $4,972,000 after purchasing an additional 274,130 shares during the period. Vanguard Group Inc. increased its stake in Era Group by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,164,337 shares of the transportation company’s stock worth $14,379,000 after purchasing an additional 39,320 shares during the period. Vanguard Group Inc increased its stake in Era Group by 3.5% in the third quarter. Vanguard Group Inc now owns 1,164,337 shares of the transportation company’s stock worth $14,379,000 after purchasing an additional 39,320 shares during the period. Finally, Legal & General Group Plc increased its stake in Era Group by 5.4% in the third quarter. Legal & General Group Plc now owns 42,569 shares of the transportation company’s stock worth $523,000 after purchasing an additional 2,189 shares during the period. Institutional investors and hedge funds own 87.42% of the company’s stock.

About Era Group

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; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.

Recommended Story: What is a portfolio manager?

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