Bristow Group Inc. (BRS) Sees Unusually-High Trading Volume
Shares of Bristow Group Inc. (NYSE:BRS) saw unusually-strong trading volume on Friday . Approximately 1,628,168 shares changed hands during trading, an increase of 52% from the previous session’s volume of 1,068,632 shares.The stock last traded at $11.96 and had previously closed at $12.94.
Several equities analysts recently commented on BRS shares. Zacks Investment Research downgraded Bristow Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. Barclays PLC upgraded Bristow Group from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $22.00 to $20.00 in a research report on Monday, June 6th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $15.00 price objective 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 issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $23.67.
The firm has a 50 day moving average price of $13.53 and a 200-day moving average price of $17.07. The stock’s market capitalization is $427.08 million.
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 Zacks’ consensus estimate of $0.51 by $0.38. During the same period in the prior year, the company posted $0.91 earnings per share. Analysts forecast that Bristow Group Inc. will post ($0.52) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Tuesday, June 14th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Friday, June 10th.
In related news, Director Michael A. Flick purchased 5,578 shares of Bristow Group 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 transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $327,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan Baliff purchased 7,600 shares of Bristow Group 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 transaction, the chief executive officer now directly owns 35,766 shares of the company’s stock, valued at $464,242.68. The disclosure for this purchase can be found here.
A number of large investors recently modified their holdings of BRS. Rhumbline Advisers increased its stake in shares of 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 in the last quarter. Nationwide Fund Advisors increased its stake 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 worth $1,613,000 after buying an additional 27,507 shares in the last quarter. California Public Employees Retirement System increased its stake 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 worth $1,966,000 after buying an additional 7,300 shares in the last quarter. First Trust Advisors LP increased its stake 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 worth $1,987,000 after buying an additional 29,204 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake 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 worth $3,940,000 after buying an additional 28,110 shares in 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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