Bristow Group Inc. (BRS) Trading Up 5.8%
Shares of Bristow Group Inc. (NYSE:BRS) were up 5.8% during trading on Friday . The stock traded as high as $12.28 and last traded at $12.24, with a volume of 354,074 shares trading hands. The stock had previously closed at $11.57.
Several research firms have recently weighed in on BRS. Zacks Investment Research lowered Bristow Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 12th. Credit Suisse Group AG reissued a “hold” rating and set a $15.00 price target on shares of Bristow Group in a research report on Wednesday, June 29th. Finally, Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $22.00 to $20.00 in a research report on Monday, June 6th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.67.
The firm’s market cap is $430.23 million. The stock has a 50 day moving average of $13.67 and a 200-day moving average of $17.88.
Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.38. During the same quarter in the previous year, the business earned $0.91 earnings per share. Analysts anticipate that Bristow Group Inc. will post ($0.52) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Tuesday, June 14th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, June 10th.
In other news, insider L. Don Miller bought 3,150 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were bought at an average cost of $12.69 per share, with a total value of $39,973.50. Following the transaction, the insider now directly owns 8,102 shares in the company, valued at approximately $102,814.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jonathan Baliff bought 1,600 shares of the company’s stock in a transaction on Tuesday, June 7th. The stock was purchased at an average cost of $16.12 per share, for a total transaction of $25,792.00. Following the completion of the transaction, the chief executive officer now owns 37,366 shares in the company, valued at $602,339.92. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Bristow Group by 4.7% in the fourth quarter. Rhumbline Advisers now owns 59,220 shares of the company’s stock valued at $1,534,000 after buying an additional 2,635 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Bristow Group by 79.1% in the fourth quarter. Nationwide Fund Advisors now owns 62,271 shares of the company’s stock valued at $1,613,000 after buying an additional 27,507 shares during the last quarter. California Public Employees Retirement System raised its position in shares of 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. First Trust Advisors LP raised its position in shares of Bristow Group by 61.5% in the fourth quarter. First Trust Advisors LP now owns 76,703 shares of the company’s stock valued at $1,987,000 after buying an additional 29,204 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its position in shares of 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.
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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