Bristow Group Inc. (BRS) Director Acquires $24,618.00 in Stock
Bristow Group Inc. (NYSE:BRS) Director Ian Godden purchased 2,200 shares of the stock in a transaction on Friday, September 16th. The shares were purchased at an average cost of $11.19 per share, for a total transaction of $24,618.00. Following the acquisition, the director now directly owns 28,673 shares of the company’s stock, valued at $320,850.87. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Bristow Group Inc. (NYSE:BRS) opened at 12.91 on Friday. Bristow Group Inc. has a 1-year low of $9.17 and a 1-year high of $37.19. The company has a 50-day moving average of $11.70 and a 200-day moving average of $15.03. The stock’s market capitalization is $452.66 million.
Bristow Group (NYSE:BRS) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.21. The firm earned $356.10 million during the quarter, compared to analysts’ expectations of $383.79 million. Bristow Group had a negative net margin of 6.50% and a positive return on equity of 1.16%. The company’s revenue for the quarter was down 20.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. On average, equities research analysts expect that Bristow Group Inc. will post ($1.76) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Tuesday, August 30th. Bristow Group’s dividend payout ratio (DPR) is presently -9.30%.
Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in shares of Bristow Group by 54.4% in the second quarter. Public Employees Retirement System of Ohio now owns 8,724 shares of the company’s stock worth $100,000 after buying an additional 3,072 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Bristow Group by 43.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 315,637 shares of the company’s stock worth $3,602,000 after buying an additional 95,338 shares during the period. Numeric Investors LLC bought a new stake in shares of Bristow Group during the second quarter worth about $890,000. Arizona State Retirement System increased its stake in shares of Bristow Group by 1.1% in the second quarter. Arizona State Retirement System now owns 18,193 shares of the company’s stock worth $208,000 after buying an additional 200 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Bristow Group during the second quarter worth about $117,000.
BRS has been the topic of several analyst reports. Barclays PLC raised shares of Bristow Group from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $22.00 to $20.00 in a report on Monday, June 6th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $15.00 price target on shares of Bristow Group in a report on Wednesday, June 29th. Zacks Investment Research raised shares of Bristow Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 27th. Capital One Financial Corp. downgraded shares of Bristow Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 16th. Finally, Cowen and Company lowered their price target on shares of Bristow Group from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $22.20.
Bristow Group Company Profile
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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