Shares of Bristow Group Inc. (NYSE:BRS) dropped 4.5% on Tuesday . The stock traded as low as $9.57 and last traded at $9.65, with a volume of 1,142,120 shares changing hands. The stock had previously closed at $10.11.

BRS has been the subject of several research reports. Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a report on Monday, April 18th. Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $22.00 to $20.00 in a report on Monday, June 6th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $15.00 target price on shares of Bristow Group in a report 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. The company has an average rating of “Hold” and an average price target of $23.67.

The stock has a 50-day moving average of $12.77 and a 200-day moving average of $16.53. The firm’s market cap is $340.69 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 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 forecast that Bristow Group Inc. will post ($0.59) earnings per share for the current fiscal year.

In other Bristow Group news, CEO Jonathan Baliff bought 7,600 shares of the stock in a transaction dated Thursday, June 2nd. The stock was bought 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 directly owns 35,766 shares of the company’s stock, valued at $464,242.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider L. Don Miller bought 3,150 shares of the stock in a transaction dated Thursday, June 2nd. The shares were acquired 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 $102,814.38. The disclosure for this purchase can be found here.

Other hedge funds have made changes to their positions in the company. New York State Common Retirement Fund increased 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 valued at $8,976,000 after buying an additional 4,100 shares in the last quarter. 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. 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. 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. Finally, 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.

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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