Bristow Group Inc. (BRS) Trading Down 4.7%
Shares of Bristow Group Inc. (NYSE:BRS) dropped 4.7% during mid-day trading on Wednesday . The company traded as low as $12.70 and last traded at $12.96, with a volume of 349,212 shares traded. The stock had previously closed at $13.60.
BRS has been the topic of a number of analyst reports. Zacks Investment Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 21st. Barclays PLC raised Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $22.00 to $20.00 in a research report on Monday, June 6th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $15.00 target price on shares of Bristow Group in a research report on Wednesday, June 29th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.67.
The company has a 50-day moving average price of $13.58 and a 200-day moving average price of $17.62. The stock’s market capitalization is $453.66 million.
Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Wednesday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.38. During the same period in the previous year, the company posted $0.91 EPS. Analysts anticipate that Bristow Group Inc. will post ($0.52) EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Tuesday, June 14th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Friday, June 10th.
In other Bristow Group news, CEO Jonathan Baliff acquired 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was purchased at an average cost of $16.12 per share, for a total transaction of $25,792.00. Following the completion of the acquisition, the chief executive officer now owns 37,366 shares of the company’s stock, valued at approximately $602,339.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Flick acquired 5,578 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The stock was acquired at an average price of $16.36 per share, with a total value of $91,256.08. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $327,200. The disclosure for this purchase can be found here.
Other large investors have modified their holdings of the company. Boston Partners boosted its stake in shares of Bristow Group by 332.3% in the fourth quarter. Boston Partners now owns 3,298,210 shares of the company’s stock worth $85,424,000 after buying an additional 2,535,283 shares in the last quarter. LSV Asset Management raised its position in Bristow Group by 64.6% in the fourth quarter. LSV Asset Management now owns 581,950 shares of the company’s stock worth $15,072,000 after buying an additional 228,450 shares in the last quarter. Nationwide Fund Advisors raised 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 in the last quarter. New York State Common Retirement Fund raised its position in 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. Finally, State of Wisconsin Investment Board raised 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 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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