Could Era Group Incorporated (NYSE:ERA) Change Direction After Less Shorts?

September 13, 2017 - By Nellie Frank

 Could Era Group Incorporated (NYSE:ERA) Change Direction After Less Shorts?

Investors sentiment increased to 2.29 in Q4 2016. Its up 1.12, from 1.17 in 2016Q3. It improved, as 3 investors sold Era Group Inc shares while 25 reduced holdings. 27 funds opened positions while 37 raised stakes. 19.06 million shares or 2.12% more from 18.66 million shares in 2016Q3 were reported.
Parkside Natl Bank And Trust owns 193 shares. Capstone Asset Mgmt holds 0.01% in Era Group Inc (NYSE:ERA) or 16,250 shares. Bnp Paribas Arbitrage reported 4,762 shares. California Pub Employees Retirement holds 156,600 shares or 0% of its portfolio. Bankshares Of Montreal Can accumulated 1,422 shares. Strs Ohio stated it has 0% in Era Group Inc (NYSE:ERA). Moreover, Goldman Sachs Grp has 0% invested in Era Group Inc (NYSE:ERA). Ny State Common Retirement Fund holds 0% or 20,000 shares. Breithorn Capital Management, New York-based fund reported 354,467 shares. Manufacturers Life Insur The accumulated 13,924 shares. Fifth Third Savings Bank accumulated 150 shares or 0% of the stock. Acadian Asset Ltd Liability Corp accumulated 11,556 shares. Geode Mngmt Limited Liability has 135,384 shares for 0% of their portfolio. Botty Limited Liability Co invested in 0.32% or 32,339 shares. 15,464 were accumulated by State Of Tennessee Treasury Department.

Since March 16, 2017, it had 0 buys, and 5 insider sales for $329,427 activity. The insider Bradshaw Christopher Scott sold 16,426 shares worth $192,513. Shares for $32,078 were sold by Stavley Stuart. Shah Shefali A had sold 9,295 shares worth $109,383 on Thursday, March 16. White Paul T had sold 2,737 shares worth $32,078. $11,837 worth of Era Group Inc (NYSE:ERA) was sold by Whalen Jennifer Dawn. The insider Puhala Andrew Lewis sold $25,513.

The stock of Era Group Incorporated (NYSE:ERA) registered a decrease of 8.19% in short interest. ERA’s total short interest was 342,000 shares in September as published by FINRA. Its down 8.19% from 372,500 shares, reported previously. With 76,600 shares average volume, it will take short sellers 5 days to cover their ERA’s short positions. The short interest to Era Group Incorporated’s float is 1.9%.

The stock increased 1.96% or $0.2 during the last trading session, reaching $10.38. About 78,390 shares traded or 29.25% up from the average. Era Group Inc (NYSE:ERA) has risen 8.00% since September 13, 2016 and is uptrending. It has underperformed by 8.70% the S&P500.

Era Group Inc. is engaged in operating helicopters. The company has market cap of $220.88 million. The Company’s helicopters transport personnel to, from and between offshore gas and oil production platforms, drilling rigs and other installations. It currently has negative earnings. The Firm also dry-leases helicopters to third-party helicopter operators and foreign affiliates.

Era Group Inc (NYSE:ERA) Ratings Coverage

Among 2 analysts covering Era Group Inc (NYSE:ERA), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Era Group Inc had 4 analyst reports since September 15, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, September 15 by Oppenheimer. Oppenheimer maintained it with “Outperform” rating and $19 target in Friday, October 23 report.

Another recent and important Era Group Inc (NYSE:ERA) news was published by Globenewswire.com which published an article titled: “Era Group Inc. to Present at the 2017 Barclays CEO Energy – Power Conference” on September 05, 2017.

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