Bristow Group Inc. (NYSE:BRS) dropped 10% during mid-day trading on Tuesday . The company traded as low as $10.95 and last traded at $10.96, with a volume of 566,974 shares trading hands. The stock had previously closed at $12.18.

BRS has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 21st. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $22.00 to $20.00 in a research report on Monday, June 6th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $15.00 target price on shares of Bristow Group in a research report on Wednesday, June 29th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $23.67.

The company has a 50-day moving average of $13.81 and a 200 day moving average of $18.01. The firm’s market capitalization is $422.88 million.

Bristow Group (NYSE:BRS) last announced its earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.38. During the same quarter in the previous year, the firm earned $0.91 earnings per share. On average, analysts forecast that Bristow Group Inc. will post ($0.52) EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Tuesday, June 14th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Friday, June 10th.

In other news, insider L. Don Miller purchased 3,150 shares of the business’s stock in a transaction dated Thursday, June 2nd. The stock was bought at an average price of $12.69 per share, for a total transaction of $39,973.50. Following the purchase, the insider now owns 8,102 shares of the company’s stock, valued at $102,814.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jonathan Baliff purchased 7,600 shares of the business’s stock in a transaction dated Thursday, June 2nd. The shares were purchased at an average price of $12.98 per share, with a total value of $98,648.00. Following the purchase, the chief executive officer now directly owns 35,766 shares in the company, valued at approximately $464,242.68. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Boston Partners increased its position in Bristow Group by 332.3% in the fourth quarter. Boston Partners now owns 3,298,210 shares of the company’s stock valued at $85,424,000 after buying an additional 2,535,283 shares during the last quarter. State of Wisconsin Investment Board increased its position in Bristow Group by 22.7% in the fourth quarter. State of Wisconsin Investment Board now owns 152,129 shares of the company’s stock valued at $3,940,000 after buying an additional 28,110 shares during the last quarter. New York State Common Retirement Fund increased its position in Bristow Group by 1.2% in the fourth quarter. New York State Common Retirement Fund now owns 346,560 shares of the company’s stock valued at $8,976,000 after buying an additional 4,100 shares during the last quarter. California Public Employees Retirement System increased its position in Bristow Group by 10.6% in the fourth quarter. California Public Employees Retirement System now owns 75,900 shares of the company’s stock valued at $1,966,000 after buying an additional 7,300 shares during the last quarter. Finally, LSV Asset Management increased its position in Bristow Group by 64.6% in the fourth quarter. LSV Asset Management now owns 581,950 shares of the company’s stock valued at $15,072,000 after buying an additional 228,450 shares during the last quarter.

Bristow Group Inc is a provider of helicopter services to the offshore energy industry with global operations. The Company has transportation operations in the North Sea, Nigeria and the United States Gulf of Mexico, and in most of the other offshore energy producing regions of the world, including Australia, Brazil, Canada, Russia and Trinidad.

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