Dynamic Technology Lab Private Ltd Buys New Stake in Bristow Group Inc. (BRS)
Dynamic Technology Lab Private Ltd bought a new stake in shares of Bristow Group Inc. (NYSE:BRS) during the second quarter, Holdings Channel reports. The fund bought 36,973 shares of the company’s stock, valued at approximately $422,000. Dynamic Technology Lab Private Ltd owned 0.11% of Bristow Group at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its position in Bristow Group by 1.4% in the first quarter. BlackRock Fund Advisors now owns 2,368,139 shares of the company’s stock valued at $44,805,000 after buying an additional 32,136 shares during the period. JPMorgan Chase & Co. boosted its position in Bristow Group by 41.7% in the first quarter. JPMorgan Chase & Co. now owns 200,404 shares of the company’s stock valued at $3,792,000 after buying an additional 58,933 shares during the period. Kennedy Capital Management Inc. acquired a new position in Bristow Group during the first quarter valued at approximately $198,000. Loomis Sayles & Co. L P boosted its position in Bristow Group by 1.2% in the first quarter. Loomis Sayles & Co. L P now owns 799,014 shares of the company’s stock valued at $15,117,000 after buying an additional 9,369 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Bristow Group during the first quarter valued at approximately $1,743,000.
Shares of Bristow Group Inc. (NYSE:BRS) opened at 12.88 on Thursday. The firm’s market capitalization is $451.61 million. Bristow Group Inc. has a 12 month low of $9.17 and a 12 month high of $37.19. The firm has a 50-day moving average price of $11.62 and a 200 day moving average price of $15.04.
Bristow Group (NYSE:BRS) last released its earnings results on Thursday, August 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.21. The business earned $356.10 million during the quarter, compared to analyst estimates of $383.79 million. Bristow Group had a negative net margin of 6.50% and a positive return on equity of 1.16%. The business’s quarterly revenue was down 20.9% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS. On average, analysts anticipate that Bristow Group Inc. will post ($1.76) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Tuesday, August 30th. Bristow Group’s dividend payout ratio (DPR) is currently -9.30%.
BRS has been the subject of several research analyst reports. Zacks Investment Research cut Bristow Group from a “buy” rating to a “sell” rating in a research note on Thursday, August 4th. Cowen and Company dropped their price target on Bristow Group from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Thursday, September 1st. Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Monday, June 6th. Credit Suisse Group AG reissued a “hold” rating and set a $15.00 price target on shares of Bristow Group in a research report on Wednesday, June 29th. Finally, Capital One Financial Corp. lowered Bristow Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $22.20.
In other news, insider Chet Akiri acquired 5,565 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were bought at an average price of $11.62 per share, with a total value of $64,665.30. Following the acquisition, the insider now owns 5,565 shares of the company’s stock, valued at $64,665.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Baliff acquired 8,200 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were purchased at an average cost of $12.12 per share, for a total transaction of $99,384.00. Following the acquisition, the insider now directly owns 50,998 shares in the company, valued at approximately $618,095.76. The disclosure for this purchase can be found here. 9.60% of the stock is owned by company insiders.
About Bristow Group
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.
Want to see what other hedge funds are holding BRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bristow Group Inc. (NYSE:BRS).
Receive News & Ratings for Bristow Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bristow Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.