Bristow Group Inc. (BRS) Sets New 12-Month Low at $10.29
Bristow Group Inc. (NYSE:BRS) shares reached a new 52-week low on Friday . The stock traded as low as $10.29 and last traded at $10.82, with a volume of 997,255 shares traded. The stock had previously closed at $10.88.
Several research firms recently weighed in on BRS. Zacks Investment Research upgraded shares of Bristow Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Credit Suisse Group AG reiterated a “hold” rating and set a $15.00 target price on shares of Bristow Group in a research report on Wednesday, June 29th. Finally, Barclays PLC upgraded shares of Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $22.00 to $20.00 in a research report on Monday, June 6th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.67.
The stock’s market capitalization is $378.11 million. The company’s 50 day moving average price is $12.91 and its 200-day moving average price is $16.67.
Bristow Group (NYSE:BRS) last posted its quarterly earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.38. During the same period last year, the business posted $0.91 EPS. On average, equities analysts expect that Bristow Group Inc. will post ($0.59) earnings per share for the current year.
In related news, insider L. Don Miller bought 3,150 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were purchased at an average price of $12.69 per share, for a total transaction of $39,973.50. Following the completion of the transaction, the insider now directly owns 8,102 shares of the company’s stock, valued at approximately $102,814.38. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jonathan Baliff bought 7,600 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was bought at an average price 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.
Other hedge funds recently modified their holdings of the company. Rhumbline Advisers raised 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. New York State Common Retirement Fund raised its stake in shares of 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 in the last quarter. California Public Employees Retirement System raised 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. Nationwide Fund Advisors raised 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. Finally, State of Wisconsin Investment Board raised 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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