Bristow Group Inc. (BRS) Shares Up 4.6%
Bristow Group Inc. (NYSE:BRS) shares shot up 4.6% during trading on Wednesday . The company traded as high as $10.24 and last traded at $10.19, with a volume of 948,752 shares trading hands. The stock had previously closed at $9.74.
A number of brokerages have recently commented on BRS. Zacks Investment Research raised Bristow Group from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday. Credit Suisse Group AG reissued a “hold” rating and set a $15.00 price target on shares of Bristow Group in a report on Wednesday, June 29th. Finally, Barclays PLC raised 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. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $22.40.
The firm’s 50-day moving average price is $12.62 and its 200-day moving average price is $16.45. The company’s market capitalization is $357.13 million.
Bristow Group (NYSE:BRS) last announced its quarterly earnings results on Wednesday, May 25th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.38. During the same quarter last year, the business earned $0.91 earnings per share. Equities research analysts expect that Bristow Group Inc. will post ($0.59) earnings per share for the current fiscal year.
In other Bristow Group news, CEO Jonathan Baliff acquired 7,600 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was purchased at an average price of $12.98 per share, for a total transaction of $98,648.00. Following the transaction, the chief executive officer now owns 35,766 shares in the company, valued at approximately $464,242.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider L. Don Miller acquired 3,150 shares of the business’s stock in a transaction on Thursday, June 2nd. The stock was acquired at an average price of $12.69 per share, with a total value of $39,973.50. Following the transaction, the insider now owns 8,102 shares in the company, valued at approximately $102,814.38. The disclosure for this purchase can be found here.
Other institutional investors have modified their holdings of the company. Rhumbline Advisers increased its position 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 last quarter. Nationwide Fund Advisors increased its position 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 last quarter. California Public Employees Retirement System increased its position 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 last quarter. First Trust Advisors LP increased its position 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 last quarter. Finally, State of Wisconsin Investment Board increased its position 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 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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