Bristow Group Inc. (BRS) Shares Up 2.9%
Bristow Group Inc. (NYSE:BRS)’s share price shot up 2.9% on Thursday . The company traded as high as $13.63 and last traded at $13.34, with a volume of 181,177 shares traded. The stock had previously closed at $12.97.
A number of brokerages recently weighed in on BRS. Zacks Investment Research lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. Barclays PLC upgraded shares of 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 restated a “hold” rating and set a $15.00 target price on shares of Bristow Group in a research report on Wednesday, June 29th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.67.
The firm’s 50 day moving average is $13.53 and its 200 day moving average is $17.47. The stock’s market cap is $466.96 million.
Bristow Group (NYSE:BRS) last released its quarterly earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.38. During the same quarter in the previous year, the business earned $0.91 EPS. On average, analysts expect that Bristow Group Inc. will post ($0.52) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Tuesday, June 14th were paid a $0.07 dividend. The ex-dividend date of this dividend was Friday, June 10th. This represents a $0.28 dividend on an annualized basis and a yield of 2.10%.
In other Bristow Group news, insider L. Don Miller bought 3,150 shares of the stock in a transaction on Thursday, June 2nd. The shares were bought at an average price of $12.69 per share, with a total value of $39,973.50. Following the purchase, the insider now directly owns 8,102 shares in the company, valued at approximately $102,814.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan Baliff bought 7,600 shares of the stock in a transaction on Thursday, June 2nd. The shares were acquired at an average cost of $12.98 per share, for a total transaction of $98,648.00. Following the purchase, the chief executive officer now owns 35,766 shares in the company, valued at $464,242.68. The disclosure for this purchase can be found here.
A number of large investors have 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 valued at $1,534,000 after buying an additional 2,635 shares during the period. 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 valued at $1,613,000 after buying an additional 27,507 shares during the period. 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 valued at $1,966,000 after buying an additional 7,300 shares during the period. 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 valued at $1,987,000 after buying an additional 29,204 shares during the period. 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 valued at $3,940,000 after buying an additional 28,110 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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