Bristow Group Inc. (BRS) Trading Down 2.2%
Bristow Group Inc. (NYSE:BRS) shares were down 2.2% during trading on Tuesday . The stock traded as low as $11.60 and last traded at $11.77, with a volume of 466,648 shares traded. The stock had previously closed at $12.03.
Several research analysts have recently issued reports on BRS shares. Zacks Investment Research downgraded shares of Bristow Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Credit Suisse Group AG restated a “hold” rating and set a $15.00 price objective on shares of Bristow Group in a 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 price objective for the stock from $22.00 to $20.00 in a report on Monday, June 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Bristow Group currently has an average rating of “Hold” and an average price target of $22.40.
The firm’s market cap is $412.69 million. The firm’s 50 day moving average price is $12.07 and its 200-day moving average price is $16.17.
Bristow Group (NYSE:BRS) last announced its earnings results on Thursday, August 4th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.21. During the same period last year, the firm earned $0.56 EPS. The company had revenue of $356.10 million for the quarter, compared to analyst estimates of $383.79 million. The company’s revenue was down 20.9% compared to the same quarter last year. Equities analysts expect that Bristow Group Inc. will post ($1.02) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, August 30th.
In other Bristow Group news, insider L. Don Miller bought 3,150 shares of Bristow Group stock in a transaction that occurred on Thursday, June 2nd. The stock was acquired at an average price of $12.69 per share, for a total transaction of $39,973.50. Following the completion of the acquisition, the insider now owns 8,102 shares of the company’s stock, valued at approximately $102,814.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan Baliff bought 7,600 shares of Bristow Group stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average price of $12.98 per share, with a total value of $98,648.00. Following the acquisition, the chief executive officer now directly owns 35,766 shares of the company’s stock, valued at approximately $464,242.68. The disclosure for this purchase can be found here.
Other hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted 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 boosted 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 boosted 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 boosted 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 boosted 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.