Bristow Group Inc. (BRS) Shares Down 3.8%
Shares of Bristow Group Inc. (NYSE:BRS) dropped 3.8% during mid-day trading on Tuesday . The company traded as low as $13.26 and last traded at $13.32, with a volume of 439,018 shares. The stock had previously closed at $13.84.
BRS has been the subject of a number of recent analyst reports. Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a report on Monday, April 18th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $15.00 price target on shares of Bristow Group in a report on Wednesday, June 29th. Finally, Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $22.00 to $20.00 in a report on Monday, June 6th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.67.
The company’s market cap is $458.56 million. The stock’s 50-day moving average is $13.56 and its 200 day moving average is $17.20.
Bristow Group (NYSE:BRS) last announced its 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 prior year, the business posted $0.91 earnings per share. On average, equities analysts expect that Bristow Group Inc. will post ($0.52) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Tuesday, June 14th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, June 10th. This represents a $0.28 annualized dividend and a dividend yield of 2.07%.
In other news, CEO Jonathan Baliff purchased 7,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was acquired at an average cost of $12.98 per share, for a total transaction of $98,648.00. Following the completion of the purchase, the chief executive officer now owns 35,766 shares of the company’s stock, valued at $464,242.68. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider L. Don Miller purchased 3,150 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The stock was purchased at an average price of $12.69 per share, with a total value of $39,973.50. Following the completion of the purchase, the insider now directly owns 8,102 shares of the company’s stock, valued at approximately $102,814.38. The disclosure for this purchase can be found here.
Other 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 worth $85,424,000 after buying an additional 2,535,283 shares during the period. First Trust Advisors LP increased its position in Bristow Group by 61.5% in the fourth quarter. First Trust Advisors LP now owns 76,703 shares of the company’s stock worth $1,987,000 after buying an additional 29,204 shares during the period. 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 worth $3,940,000 after buying an additional 28,110 shares during the period. Nationwide Fund Advisors increased its position 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 period. Finally, 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 worth $1,966,000 after buying an additional 7,300 shares during the period.
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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