Erickson Air Crane Stock Loved By Meridee Moore & Watershed Asset Management

Erickson Air Crane stock: Erickson Air-Crane Incorporated (NASDAQ:EAC) has recently been added to the equity portfolio of Watershed Asset Management, a hedge fund managed by Meridee A. Moore. The hedge fund disclosed ownership of some 755,400 shares, with the value of the position amounting to $11.4 million. The position owned by Watershed represents 5.5% of Erickson Air-Crane Incorporated.

Erickson Air-Crane Inc (NASDAQ:EAC)

Erickson Air-Crane is a company engaged in aviation services, as well as the production of aircraft parts. Recently, the company has been awarded a contract from Sikorsky Aircraft Corp for building of aircraft parts, with the value of the contract amounting to $5.6 million. Also, at the beginning of the month, the company completed the purchase of Air Amazonia, which give Erickson an aerial services agreement with a duration of five years, which will bring the company a revenue of at least $29 million annually, the company said in a statement.

At the same time, we should mention some other hedge funds in addition to Watershed, that have been bullish on Erickson. As follows, the hedge fund with the largest stake is Ariel Investments, managed by John W. Rogers, which owns 882,600 shares. Watershed climbed on the second position after the recent acquisition, being followed by Jim Simons’ Renaissance Technologies with 90,900 shares, and Robert B. Gillam’s Mckinley Capital Management, which owns 65,500. Check back here for more updates on Erickson Air Crane stock.

Recommended Reading:

Hedge Fund News: Glenn Dubin, Seth Klarman & Tim Cook’s Dinner Plans

Ken Fisher’s Stock Picks In The Dividend Space

Is There Any Value in Bill Ackman’s Holdings?

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!