Bristow Group Inc. (BRS) Shares Down 3.8%
Bristow Group Inc. (NYSE:BRS)’s share price was down 3.8% during trading on Tuesday . The stock traded as low as $13.26 and last traded at $13.32, with a volume of 439,018 shares trading hands. The stock had previously closed at $13.84.
Several equities analysts recently commented on BRS shares. Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a research note on Monday, April 18th. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $22.00 to $20.00 in a research note on Monday, June 6th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $15.00 price target on shares of Bristow Group in a research note on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Bristow Group presently has an average rating of “Hold” and an average target price of $23.67.
The firm’s market capitalization is $467.66 million. The firm has a 50 day moving average price of $13.56 and a 200 day moving average price of $17.26.
Bristow Group (NYSE:BRS) last issued its quarterly earnings data 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 period in the previous year, the company posted $0.91 EPS. Equities research analysts predict that Bristow Group Inc. will post ($0.52) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders 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 yield of 2.09%. The ex-dividend date was Friday, June 10th.
In other news, Director Michael A. Flick bought 5,578 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were bought at an average price of $16.36 per share, for a total transaction of $91,256.08. Following the purchase, the director now owns 20,000 shares in the company, valued at $327,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan Baliff bought 1,600 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were purchased at an average price of $16.12 per share, for a total transaction of $25,792.00. Following the purchase, the chief executive officer now owns 37,366 shares in the company, valued at approximately $602,339.92. The disclosure for this purchase can be found here.
Other large investors have recently added to or reduced their stakes in the company. Boston Partners boosted 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. Nationwide Fund Advisors boosted its stake in Bristow Group by 79.1% in the fourth quarter. Nationwide Fund Advisors now owns 62,271 shares of the company’s stock worth $1,613,000 after buying an additional 27,507 shares during the last quarter. New York State Common Retirement Fund boosted 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. State of Wisconsin Investment Board boosted 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. Finally, Rhumbline Advisers boosted 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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