Bristow Group Inc. (BRS) Trading 2.9% Higher
Bristow Group Inc. (NYSE:BRS) traded up 2.9% during trading on Thursday . The company traded as high as $13.63 and last traded at $13.34, with a volume of 181,177 shares traded. The stock had previously closed at $12.97.
A number of equities research analysts have recently commented on the stock. Credit Suisse Group AG reaffirmed a “hold” rating and set a $15.00 price objective on shares of Bristow Group in a research note on Wednesday, June 29th. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $22.00 to $20.00 in a research note on Monday, June 6th. Finally, Zacks Investment Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 21st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.67.
The firm’s 50-day moving average is $13.54 and its 200-day moving average is $17.59. The stock’s market capitalization is $463.11 million.
Bristow Group (NYSE:BRS) last posted its earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.38. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts anticipate that Bristow Group Inc. will post ($0.52) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Tuesday, June 14th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, June 10th.
In related news, Director Michael A. Flick acquired 5,578 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were acquired at an average price of $16.36 per share, with a total value of $91,256.08. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at $327,200. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jonathan Baliff acquired 7,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were bought at an average cost of $12.98 per share, for a total transaction of $98,648.00. Following the purchase, the chief executive officer now owns 35,766 shares of the company’s stock, valued at $464,242.68. The disclosure for this purchase can be found here.
Other hedge funds recently bought and sold shares of the company. Boston Partners raised its stake in Bristow Group by 332.3% in the fourth quarter. Boston Partners now owns 3,298,210 shares of the company’s stock worth $85,424,000 after buying an additional 2,535,283 shares during the last quarter. State of Wisconsin Investment Board raised its stake 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 worth $3,940,000 after buying an additional 28,110 shares during the last quarter. New York State Common Retirement Fund raised its stake 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 worth $8,976,000 after buying an additional 4,100 shares during the last quarter. California Public Employees Retirement System raised its stake 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 worth $1,966,000 after buying an additional 7,300 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Bristow Group by 4.7% in the fourth quarter. Rhumbline Advisers now owns 59,220 shares of the company’s stock worth $1,534,000 after buying an additional 2,635 shares during the last quarter.
Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.
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